Ratios are used to standardize financial information, thereby making it easier to interpret

Indicate whether the statement is true or false

TRUE

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A work sampling method is used to determine the proportion of the time a machine is idle. The following information was gathered on a random basis

Day No. Times Clerk Idle Total No. of Observations Monday 4 12 Tuesday 2 8 Wednesday 4 10 Thursday 2 10 What is the proportion of idle time observed for this machine? A) less than or equal to 5% B) greater than 5% but less than or equal to 15% C) greater than 15% but less than or equal to 25% D) greater than 25%

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In the context of the social identity theory, distinctiveness refers to the ________

A) tendency of people who have greater uniformity in values and characteristics to have greater identification as well B) tendency of people to link themselves to high-status groups in an attempt to define themselves favorably C) tendency of people to use the group as a means of understanding who they are and how they fit into the world D) tendency of ingroup members to prefer and endorse the products, ideas, and aspects of someone else's culture over their own E) tendency of ingroup members to notice and emphasize identities that reflect how different they are from other groups

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