A responsibility accounting system ensures that
a. generally accepted accounting principles reporting requirements are met.
b. managers will not be held responsible for items they cannot change.
c. 99 percent of businesses utilizing such a system will be profitable.
d. easy correlations between revenues and costs can be drawn.
B
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A conceptual scheme based on foundational statements called axioms, which are assumed to be true, is ________
A) objective evidence B) a theory C) an analytical model D) none of the above
Which statement about MANOVA is not true?
A) MANOVA examines group differences across multiple dependent variables simultaneously. B) In MANOVA, the null hypothesis is that the vectors of means on multiple dependent variables are equal across groups. C) MANOVA is most appropriate if there are multiple dependent variables that are uncorrelated or orthogonal. D) Multivariate analysis of variance is appropriate when there are two or more dependent variables that are correlated.
Branded entertainment is best suited for which of the following?
A) a complex product B) a product with a niche target market C) a new brand D) a brand with mass consumer awareness E) a brand with limited consumer awareness
The reasoning behind the retail inventory method is that if we can get a good estimate of the cost-to-retail ratio, we can multiply ending inventory at retail by this ratio to estimate ending inventory at cost.
Answer the following statement true (T) or false (F)