Choosing a decision alternative that maximizes the minimum profit is a feature of the _____ approach
a. expected value
b. optimistic
c. conservative
d. maximin regret
C
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The auditor's communication of material weaknesses in internal control for a nonpublic company is:
A. required to enable the auditor to state that the examination has been made in accordance with generally accepted auditing standards. B. required to be included as part of the audit opinion. C. required even though the financial statement audit for private companies does not require an audit of the entity's system of internal control. D. the principle reason for studying and evaluating the system of internal controls.
The EEOC is the federal agency responsible for enforcing Title VII
Indicate whether the statement is true or false
Under the Robinson-Patman Act, a producer may not be able to charge one retailer a lower price than it charges another retailer just because the first retailer buys more merchandise. Volume discounts can be a violation of the Robinson-Patman because, according to the law:
a. price discounts injure competition b. price discounts unfairly target urban areas c. price discounts give large volume retailers an advantage over small volume retailers d. price discounts unfairly target urban areas and price discounts give large volume retailers an advantage over small volume retailers e. price discounts injure competition and price discounts give large volume retailers an advantage over small volume retailers
Suppose a committee of two people is to be chosen from a group of five people. How many ways can the committee be chosen?
a. 25 b. 20 c. 5 d. 120