The ability of an interval estimate to contain the value of the population parameter is described by the _____
a. confidence level
b. degrees of freedom
c. precise value of the population mean ?
d. None of the answers is correct.
a
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A corporation has 2,000 shares of $50 par, 10% preferred stock, and 6,000 shares of common stock outstanding. The net income for the year is $250,000 . The earnings per share of common stock would be
a. $10.83. b. $31.25. c. $40.00. d. $41.67.
Some companies separate systems analysis from programming/program maintenance. All of the following are control weaknesses that may occur with this organizational structure except
a. systems documentation is inadequate because of pressures to begin coding a new program before documenting the current program b. illegal lines of code are hidden among legitimate code and a fraud is covered up for a long period of time c. a new systems analyst has difficulty in understanding the logic of the program d. inadequate systems documentation is prepared because this provides a sense of job security to the programmer
If the head of a hotel's food and beverage operation is held accountable for revenues and costs, the food and beverage operation would be considered a (n):
A. investment center. B. cost center. C. revenue center. D. contribution center. E. profit center.
Steven has a typed copy of a contract, which he would like to have Thomas sign. Thomas, who needs glasses to read typing, doesn't want to sign until he has read the document, but Steven convinces Thomas to sign it anyway, because it is a "standard" contract for this type of situation. Is the contract which Thomas signed binding upon him?
A) No, because he did not read it B) No, because he entered into it based upon fraud in the execution C) Yes, because he has made a unilateral mistake of law D) Yes, because he was negligent in not ascertaining its contents