The sample unit refers to the basic level of investigation; this could be a person, household, or supermarket.

a. true
b. false


Ans: a. true

Business

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The study done by the Committee of Sponsoring Organizations (COSO) on financial statement frauds that occurred during the period from 1987–1997 had many key findings. Which of the following is NOT one among them?

a. Frauds were most commonly perpetrated by improper revenue recognition, overstatement of assets, and understatement of expenses. b. Most of these firms had audit committees that met at least four times a year. c. Severe consequences were associated with companies who committed financial statement fraud. d. Most companies were experiencing net losses or were just holding break-even positions in periods prior to the fraud.

Business

A sole proprietorship cannot be easily transferred when the owner desires to do so

Indicate whether the statement is true or false

Business

Which of the following is BEST for comparing the total dollars spent among five fast food restaurants

a. Diagram b. Flow chart c. Pie chart d. Table

Business

When data available to a firm is too old to be useful, what type of forecasting technique should the firm consider?

a. Quantitative b. Qualitative c. Qualified d. Quantified

Business