Which of the following is a reason why many companies require a photo ID when employees pick up their paychecks?
A) to make sure an employee's work hours have been accurately reported
B) to avoid writing a paycheck to a fictitious person
C) to improve efficiency of the payroll disbursement process
D) to make sure all employees are legal adults
B
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The covariance correlation is the most widely used statistic that summarizes the strength and direction of association between two metric variables
Indicate whether the statement is true or false
Although the mean is most often used as a summary statistic with semantic differential scale data, there is some controversy as to whether the data obtained should be treated as an interval scale
Indicate whether the statement is true or false
Which of the following is/are true regarding the accounting for defined contribution plans?
a. When pension assets equal pension liabilities and the expected rate of return on pension investments equals the discount rate used to compute the projected benefit obligation, the amounts offset each other. b. When the interest cost exceeds the expected return on pension investments, either employer contributions or future earnings on pension plan investments must make up the difference. c. Computing pension expense (or credit) using the expected return (not the actual return) rests on the view that pension plans should take a long-term perspective and generate earnings from investments based on a long-term expected rate of return. d. Annual deviations from the long-term expected rate of return should not flow through to net income as they occur. e. all of the above
Ned sold his refrigerator to his next door neighbor, Ian. Ned fails to tell Ian he has not finished paying for the refrigerator and Neighborhood Bank has a lien on it
a. Ned has breached the warranty against infringement. b. Ned has breached the warranty of title. c. Ned has breached the warranty of merchantability. d. Ned has not breached any warranties because he did not guarantee that the refrigerator was free and clear of security liens.