Generally, the most important category on the statement of cash flows is cash flows from

a. operating activities.
b. investing activities.
c. financing activities.
d. significant noncash activities.

Ans: a. operating activities.

Business

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The Dodd-Frank Wall Street Reform and Consumer Protection Act:

a. was signed into law in 2009. b. authorizes the SEC to issue rules requiring that a publicly held company's proxy solicitation include nominations for the board of directors that have been submitted by shareholders. c. authorizes the SEC to issue rules directing the national securities exchanges to require that no member of a listed company's compensation committee be an independent director. d. All of these are correct.

Business

Suppose the ages of students in your program follow a positively skewed distribution with mean of 24 years and a standard deviation of 4 years. If we randomly sampled 100 students, which of the following statements about the sampling distribution of the sample mean age is NOT true?

a. The mean of the sampling distribution of sample mean is equal to 24 years. b. The standard deviation of the sampling distribution of sample mean is equal to 4 years. c. The shape of the sampling distribution of sample mean is approximately normal. d. All of these choices are true.

Business