The test statistic for a hypothesis test _________________________________________
A) determines the observed level of significance
B) is based on the significance level and determines the boundary for the rejection region
C) represents the number of standard deviations between the sample mean and the population mean according to the alternative hypothesis
D) represents the number of standard deviations between the sample mean and the population mean according to the null hypothesis
D
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Rent-a-Wreck, Inc. paid $12,000 cash for a one-year insurance policy on November 1, 2012. What adjustment should the company make before preparing its annual financial statements on December 31, 2012?
A) Decrease Cash and increase Prepaid insurance by $2,000. B) Decrease Cash and recognize Insurance expense of $12,000. C) Decrease Prepaid insurance and recognize Insurance expense of $1,000. D) Decrease Prepaid insurance and recognize Insurance expense of $2,000.
Which of the following is NOT a reason for locating in a business cluster?
a. Technology sharing b. Supply chain improvements c. Sophisticated retailers d. Competition