3. Identify the type of bias that may occur in the following
situations.
a) A survey question asks, “How many words per minute can you
read?”
b) A survey is sent to parents of school-age children that
asks whether bus safety lanes should be installed.
c) A phone company surveys its customers via text message
about which services people like the best.
d) A survey asks, “Now that the city is in debt, do you think
the current mayor will...
Identify five situations in your social or professional life
during which you were required to make efficient decisions relating
to allocation of scarce resources to satisfy unlimited need.
Which of the following is not one of the five situations in
which an auditor may choose to issue an unqualified audit report
with explanatory language?
Select one:
a. inconsistent application of GAAP
b. reference to other auditors
c. a justified departure from GAAP
d. lack of independence by the auditor
Which of the following three situations is least likely to occur
at the same time as the other two situations? Why?
a-Real GDP is less than potential GDP.
b-An economy in a strong, 5-year expansion.
c-An unemployment rate above the natural rate of
unemployment.
Identify five mechanical properties of materials which can be
used to describe their behaviour as a result of applied external
and internal forces. For each of the properties you
identified,answer the following questions:
a. Describe the mechanical property in relation to type of
material.
b. Discuss the application of the mechanical property in design of
a named machined component or structure.
c. What are the effects of moisture content of the material on the
mechanical property
d. What is the...