Which of the following statements is correct concerning the reporting of quantitative data?
a. People are not usually interested in proportions or ratios but in exact numbers.
b. When tabulating research results of opinions and preferences, reporting exact statistics to the most accurate decimal point is necessary to avoid distortion in interpretation.
c. Common language reduces difficult figures to the "common denominators" of language and ideas.
d. Because of their absolute and understood value, dollars are a good measure of comparison from one year to another.
C
You might also like to view...
Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).
Answer the following statement true (T) or false (F)
Exhibit 13-1 On January 1, 2017, Oak Corporation paid $900,000 for 87,500 shares of Beech Company's common stock, which represents 35% of Beech's outstanding common stock. Beech reported income of $300,000 and paid a cash dividend of $100,000 during 2017. ? Refer to Exhibit 13-1. Oak should report income from the investment in Beech Company for 2017 of
A) $70,000. B) $140,000. C) $105,000. D) $300,000.
A nonprofit board of directors is interviewing individuals for a chief executive officer position. The directors want to ensure the person they hire has a personality that matches the organization’s mission. The board members want to ensure ______.
A. charisma B. alignment C. cooperation D. transformation
Describe the difference between a savings plan and a retirement plan. Give at least three examples of each.
What will be an ideal response?