Which of the following statements is false regarding hypotheses?
a. Hypotheses may be derived from previous research, theory, or the current business situation.
b. A hypothesis is an unproven supposition
c. Hypotheses are developed prior to data collection
d. The alternative hypothesis states that there is a difference between group means
e. The null hypothesis is typically not tested
Answer: e. The null hypothesis is typically not tested
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First Street, Inc. has 6 units in ending merchandise inventory on December 31. The units were purchased in November for $190 each. The price lists from suppliers indicate the current replacement cost of the item to be $182 each
Which of the following statements is true of the effects of the adjustments to ending merchandise inventory on the cost of goods sold? A) The cost of goods sold would increase by $8. B) The cost of goods sold would not be affected. C) The cost of goods sold would decrease by $48. D) The cost of goods sold would increase by $48.
An efficient market is a market that establishes correct prices for the securities that firms sell and allocates funds to their most productive use as a result of the intense competition among investors
Indicate whether the statement is true or false