One objective of data mining is classification: Finding whether certain facts fall into predefined groups.
Answer the following statement true (T) or false (F)
True
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When an investor is capable of influencing the investee company's dividend policy, the investor is able to augment its own reported income when using:
A. the equity method. B. minority active accounting treatment. C. minority passive accounting treatment. D. majority active accounting treatment.
The measurement stage of accounting is accomplished by
a. recording data. b. reporting to decision makers. c. processing data. d. storing data.
Which of the following is an example of downward communication in an organization?
A) A business professor submits a conference report to her dean. B) Four accountants meet to discuss the quarterly financial reports. C) Members of a task force submit a progress report to the CEO. D) The CFO sends information about a new accounting regulation to employees in the accounting department.
When Myrtle comes home from work one evening, she finds that her yard has been mowed and trimmed. Later, a man comes to collect for the yard work done. Myrtle refuses to pay for the work since she has never seen the man before and did not hire him to do her yard work. Which of the following answers is most accurate?
a. This is an implied, unilateral contract and she must pay the price requested by the man. b. This is an express, voidable contract that either party may avoid. c. The court would order Myrtle to pay the reasonable value of the yard work because of the benefit conferred on her. d. Myrtle would not have to pay for the yard work.