Which measure of variability is most general and, hence, least useful?

a.Median
b.Range
c.Standard deviation
d.Mean deviation


ANS:B

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Dividing large quantities into smaller quantities as products get closer to the final market is called

A. bulk-breaking. B. accumulating. C. dividing. D. assorting. E. sorting.

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A company forgot to record four adjustments during 2012. Which one of the following omissions of adjustments will understate assets?

A) Unearned revenue is not reduced for the portion that has been earned B) Interest on money loaned out has not yet been recorded C) Prepaid insurance is not reduced for the portion of the policy that has expired during the period D) Income taxes owed but not yet paid are ignored

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A major difference between trespass to personal property and conversion is that the latter does not require intent to harm whereas trespass does

a. True b. False Indicate whether the statement is true or false

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