A manufacturer of down-filled pillows wants to do a postcard survey of owners and operators of bed-and-breakfast inns to determine if it would be financially feasible to do a catalog mailing to this group. If the manufacturer rents the mailing list containing the names and addresses of all hotels in communities larger than 250,000, the sample would most likely lack
A. clarity.
B. bias.
C. standardization.
D. reliability.
E. validity.
Answer: E
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All of the following statements are true except:
a. Both U.S. GAAP and international financial reporting standards (IFRS) require the use of the lower-of-cost- or-market rule to value inventories. b. U.S. GAAP defines market value as replacement cost. c. IFRS uses net realizable value with no upper or lower limits imposed. d. Write-downs of inventory can be reversed in later periods under U.S. GAAP.
What is price-fixing?
What will be an ideal response?
Rosemary agrees to trim the four oak trees in front of John's house for $100 . They have reached an agreement on the amount of trimming and what will be done with the cut branches. This is most likely a(n):
a. executory contract governed by the statute of frauds. b. express contract governed by the common law. c. executory governed by the UCC. d. express contract governed by the UCC .
A kickback for a special favor or service is a form of bribery in some situations
Indicate whether the statement is true or false