Statistical sampling eliminates any professional judgment for the auditor

Indicate whether the statement is true or false

FALSE

Business

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Which of the following statements is true regarding the division of profits in a general partnership when the written partnership agreement only provides that losses be divided equally among the partners? Profits are to be divided

A. Based on the partners' ratio of contribution to the partnership. B. Based on the partners' participation in day-to-day management. C. Equally among the partners. D. Proportionately among the partners.

Business

The complete linkage method of hierarchical clustering is based on the minimum distance or the nearest neighbor approach

Indicate whether the statement is true or false

Business