A numerical description of the outcome of an experiment is called a
A. descriptive statistic.
B. probability function.
C. variance.
D. random variable.
Answer: D
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The behavioral approach reminds leaders that ______.
A. personality is the essence of effective leadership B. who they are is more important than what they do C. task behaviors are more important than relationship behaviors D. they should continually engage in both task and relationship behaviors
Equipment with an estimated market value of $55,000 is offered for sale at $75,000. The equipment is acquired for $20,000 in cash and a note payable of $40,000 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is
A) $55,000 B) $60,000 C) $20,000 D) $75,000
Which of the following is not true about computerized accounting systems?
A) Include authorization controls before a transaction can be completed B) Computer accounting systems require less internal controls. C) The computer screen is often designed to make a specific transaction easy to input. D) The database is updated once the transaction is submitted, making it easy to run updated reports.
A classic industry example of "tying" is:
A. Microsoft- selling their operating system and Internet browser together B. Apple- patenting the round dial on the iPod C. Amazon- collecting and controlling information on users without their consent D. Verizon- offering rebates on phones if customers sign a 2-year contract E. Gillette- selling razor refills for a higher cost than the original razor