Which of the following types of error describes measurement error that arises from arbitrary changes that have a different effect each time the measurement is made?
A) systematic error
B) forced error
C) coefficient error
D) random error
E) dispersion error
D
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A bank's excess reserves equal its
A. vault cash plus deposits at the Federal Reserve. B. total reserves minus required reserves. C. reserve requirement times transactions deposits. D. vault cash plus required reserves.
The ________ is that value obtained by summing all elements in a set and dividing by the number of elements
A) mean B) mode C) median D) maxima E) aggregate
Phillip said to a close friend, "I am fed up with my company's continual disregard for the environment. They secretly dispose of hazardous chemicals into a nearby stream constantly. I don't know how they get away with it! I am going to call a reporter at the and reveal what my company is doing." Phillip's decision to tell somebody about his company's actions is an example of
A. operating at a preconventional level. B. violating a code of ethics. C. backstabbing his manager. D. being guided by the invisible hand. E. whistle-blowing.
The ________ variance is the difference between the actual quantity multiplied by the actual price and the actual quantity multiplied by the standard price
a. price b. volume c. budget d. usage