For ease of data entry into a university database, 1 denotes that the student is a freshman, 2 indicates a sophomore, 3 indicates a junior, and 4 indicates that the student is a senior. In this case, data are
A. categorical.
B. quantitative.
C. either categorical or quantitative.
D. neither categorical nor quantitative.
Answer: A
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Excerpts from Neuwirth Corporation's comparative balance sheet appear below: Ending BalanceBeginning BalanceCash and cash equivalents$37,000 $27,000 Accounts receivable$24,000 $28,000 Inventory$65,000 $68,000 Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?
A. The change in Accounts Receivable is subtracted from net income; The change in Inventory is added to net income B. The change in Accounts Receivable is added to net income; The change in Inventory is added to net income C. The change in Accounts Receivable is subtracted from net income; The change in Inventory is subtracted from net income D. The change in Accounts Receivable is added to net income; The change in Inventory is subtracted from net income
Pro forma financial information is often used to illustrate the effects of various types of transactions. Pro forma financial information would be least likely to be used with which of the following transactions?
a. Setting up a bond sinking fund. b. Disposing of a significant segment of a business. c. Proposing the sale of securities and applying the proceeds to a project. d. Business combinations.
Which of the following best explains why companies are adopting the team selling approach to service large, complex accounts?
A) Products have become too complicated for one salesperson to handle a large company's needs. B) Customers prefer dealing with many salespeople rather than one sales representative. C) Job rotation, an integral part of team selling, keeps workers motivated and boosts their morale. D) Team selling facilitates the evaluation of individual contributions. E) With team selling, companies are not required to train the outside sales force any longer.
According to the text, when the international company's planning committee has completed the internal audit, it is ready to examine
A. external variables. B. scenarios for the future. C. the company's mission and vision. D. the company's knowledge base. E. the company's international strategy.