Which of the following characteristics does not apply to the decision-model approach to research?
a. It asks what information is needed for making decisions.
b. It asks what information users want.
c. It concentrates on what information is useful for particular decisions.
d. It has a normative and deductive orientation.
ANSWER: B
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Which of the following is a measure for discouraging theft for a retail store that accepts cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) At the end of the day, the sales clerk proves the cash by comparing the cash in the drawer against the machine's record of cash sales. C) The sales clerk uses the machine tape to record the journal entry for cash receipts and sales revenue. D) The store clerk deposits the cash in the bank.
Answer the following statements true (T) or false (F)
1. A note payable can be classified either as a long-term liability or a short-term liability, depending on the discretion of the accountant. 2. An amortization schedule details each loan payment's allocation between principal as well as interest and the beginning and ending balances of the loan. 3. A mortgage payable is a long-term debt that is backed with a security interest in specific property. 4. The difference between mortgages payable and notes payable is that notes payable are always secured by specific assets. 5. Installment payments for mortgages generally contain both an amount for principal repayment and an amount for interest.
Overhead costs decrease the Work in Process Inventory account
Indicate whether the statement is true or false
Each of the terms below refers to a type of nonprofit–corporation relationship except ______.
A. strategic B. commercial C. philanthropic D. government–agent collaboration