Question 1 

We took a sample from a population of gophers. The proportion of gophers in our sample who had brown fur was 0.55 with a standard error of 0.10. What is the lower limit of the 95% confidence interval for the proportion of gophers with brown fur?

0.75 

0.35 

0.40 

0.445 

0.45

 

Question 2 

A researcher wants to study the spending habits of customers of a local shopping mall. The mall manager claims that the average spending per customer is $70, but the researcher believes that the average is less than $70. A simple random sample of 350 shoppers is obtained. The sample average is $65 and the sample SD is $27. Find the alternative hypothesis. 

the population average is greater than $70 

none of these 

the population average is less than $70 

the sample average is less than $70 

the population average is $70

 

Question 3

A researcher wants to study the spending habits of customers of a local shopping mall. The mall manager claims that the average spending per customer is $70, but the researcher believes that the average is less than $70. A simple random sample of 350 shoppers is obtained. The sample average is $65 and the sample SD is $27. Find the null hypothesis. 

the sample average is less than $70 

the population average is $70 

none of these 

the population average is greater than $70 

the population average is less than $70

 

Question 4 

A researcher wants to study the spending habits of customers of a local shopping mall. The mall manager claims that the average spending per customer is $70, but the researcher believes that the average is less than $70. A simple random sample of 350 shoppers is obtained. The sample average is $65 and the sample SD is $27. Find the SE for the sample average. 

1.34 

1.44 

5.08 

2.91 

1.27

 

1. Panjim’s prepaid expense account consists only of garage rental prepayments. Its 2005 beginning and ending balance were the same. Which one of the following statements must be true?

• Panjim had no garage rental expenses during 2005

• Panjim’s prepaid expense account balance never varied during 2005

• Panjim’s prepaid expense account balance varied during 2005

• None of the above statements is true

 

2. Juan Foods purchases a computer system in 2005 for $20,000. Its expected useful life is 5 years. At the end of 2005, it has to record depreciation on the computer system of $2,000. 

What is the correct journal entry to record the depreciation?

• Debit computer system $2,000; credit depreciation expense $2,000

• Debit accumulated depreciation $2,000; credit computer system $2,000

• Debit depreciation expense $2,000; credit accumulated depreciation $2,000

• Debit computer system $2,000; credit accumulated depreciation $2,000

 

3. Jackie’s Crafts is a successful retailer of fabric by the yard and other sewing supplies. If Jackie were to shut down the store, the bolts of fabrics and the bins of lace and trim, inventory valued at $20,000, on average, at any point in time, would have to be sold for about 10% of that value. But, Jackie’s accountant does not feel the need to reduce the value of the inventory on the books.

This is a reflection of the:

• Consistency concept

• Materiality concept

• Historical cost concept

• Going-concern concept

 

4. Weldon Engineering owes one of its creditors $20,000. To settle the debt, Weldon pays $5,000 cash and also issues common stock valued at $15,000 to the creditor.

How would this repayment of the $20,000 debt be recorded in Weldon’s books?

• Debit debt owed $20,000; credit cash $5,000; credit common stock $15,000

• Debit common stock $15,000; debit cash $5,000; credit debt owed $20,000

• Debit common stock $15,000; debit debt owed $5,000; credit cash $20,000

• Debit debt owed $5,000; credit cash $5,000

 

1. Neely Manufacturing Company can make 100 units of a necessary component part with the following costs:

Direct Materials $120,000

Direct Labor 25,000

Variable Overhead 45,000

Fixed Overhead 30,000

If Neely Manufacturing Company can purchase the component externally for $190,000 and only $5,000 of the fixed costs can be avoided, what is the correct make-or-buy decision?

a. Make and save $5,000

b. Buy and save $5,000

c. Make and save $15,000

d. Buy and save $15,000

 

2. Keller Company manufactures a product with a unit variable cost of $150 and a unit sales price of $264. Fixed manufacturing costs were $720,000 when 10,000 units were produced and sold. The company has a one-time opportunity to sell an additional 3,000 units at $210 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:

a. Income would decrease by $162,000.

b. Income would decrease by $36,000.

c. Income would increase by $63,000.

d. Income would increase by $180,000.

 

3. The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 1,800 units, the actual direct labor cost was $48,000 for 3,000 direct labor hours worked, the total direct labor variance is

a. $1,800 unfavorable.

b. $6,000 favorable.

c. $3,750 unfavorable.

d. $6,000 unfavorable.

 

4. Combs Co. is planning to sell 400 hair dryers and produce 380 hair dryers during March. Each hair dryer requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Combs Co. has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. How much is the total amount of budgeted direct labor for March?

a. $3,000

b. $6,000

c. $2,850

d. $5,700

 

1. You are doing research on the use of mobile technology such as cell phones or PDAs in patient care. Which of the following groups of subject terms would be the best for searching the subject field of a health database like Health Source: Nursing/Academic Edition on this topic?   
a) Information Technology, Patient Care 
b) Wireless communication, Medical Care 
c) Telecommunication in Medicine, Medical Care 
d) Hospitals, Medical Technology

2. You are using a chapter from an E-book in your research paper. Published in 2007, the book is called The Handbook of Mentoring at Work and is edited by Belle Rose Ragins and Kathy E. Kram. The chapter by Katherine Giscombe is on pages 549-575 in the book and is titled Advancing Women Through the Glass Ceiling With Formal Mentoring. The book is available in print, published by Sage Publications in Thousand Oaks, California, but you read it on January 12, 2011 in the UMUC database Sage Online Reference Collections, at http://www.sage-ereference.com.ezproxy.umuc.edu/hdbk_workmentor/. How would you cite it in APA 6th edition format?   
a) Giscombe, Katherine. “Advancing Women through the Glass Ceiling with Formal Mentoring.” The Handbook of Mentoring at Work. Eds. Ragins, Belle Rose, and Kathy E. Kram. Thousand Oaks, CA: Sage Publications, 2007. 549-575. Sage Online Reference Collections. Web. 12 Jan. 2011. 
b) Giscombe, K. (2007). Advancing women through the glass ceiling with formal mentoring. In B. R. Ragins & K. E. Kran, (Eds.), The Handbook of Mentoring at Work (pp. 549-575). Thousand Oaks, CA: Sage Publications. Retrieved from http://www.sage-ereference.com/
 c) Giscombe, K. (2007). Advancing women through the glass ceiling with formal mentoring. In B. R. Ragins & K. E. Kran, (Eds.), The Handbook of Mentoring at Work (pp. 549-575). Thousand Oaks, CA: Sage Publications. Retrieved from http://www.sage-ereference.com.ezproxy.umuc.edu/hdbk_workmentor/ 
d) Giscombe, K. (2007.) Advancing women through the glass ceiling with formal mentoring. In B. R. Ragins & K. E. Kran, (Eds.), The Handbook of Mentoring at Work (549-575). Thousand Oaks, CA: Sage Publications. Retrieved from http://www.sage-ereference.com/

3. If you were researching the effectiveness of Project-Based Learning in increasing student motivation, and your search using the phrase Project-Based Learning did not produce enough relevant articles, how might you change your search statement to cover the key concepts more thoroughly and find the most relevant search results?   
a) (project based learning AND motivation) OR (process writing AND engagement) AND (student* OR learner*)  
b) (project based learning OR process writing) OR (motivation OR engagement) AND (student* OR learner*) 
c) (project based learning OR process writing) AND (motivation OR engagement) AND (student* AND learner*) 
d) (project based learning OR process writing) AND (motivation OR engagement) AND (student* OR learner*)

4. Which of the following research questions is too broad for a graduate level research paper?   
a) How does culture affect communication in virtual teams at IBM Corporation? 
b) How has technology improved educational practices in the United States? 
c) How does customer service outsourcing affect retail sales of computers? 
d) How does Mexican immigration affect restaurant businesses in the United States?

469

 

§ 1603(b)(2). Only direct ownership satisfies the statutory requirement. In issues of corporate law structure often matters. The statutory reference to ownership of “shares” shows that Congress intended coverage to turn on formal corporate ownership. As a corporation and its shareholders are distinct entities, see, e. g., First Nat. City Bank v. Banco Para el Comercio Exterior de Cuba, 462 U. S. 611, 625, a corporate parent which owns a subsidiary’s shares does not, for that reason alone, own or have legal title to the subsidiary’s assets; and, it follows with even greater force, the parent does not own or have legal title to the subsidiary’s subsidiaries. The veil separating corporations and their shareholders may be pierced in certain exceptional circumstances, but the Dead Sea Companies refer to no authority for extending the doctrine so far that, as a categorical matter, all subsidiaries are deemed to be the same as the parent corporation. Various federal statutes refer to “direct or indirect ownership.” The absence of this language in § 1603(b) instructs the Court that Congress did not intend to disregard structural ownership rules here. That section’s “other ownership interest” phrase, when following the word “shares,” should be interpreted to refer to a type of interest other than stock ownership. Reading the phrase to refer to a state’s interest in entities further down the corporate ladder would make the specific reference to “shares” redundant. The fact that Israel exercised considerable control over the companies may not be substituted for an ownership interest, since control and ownership are distinct concepts, and it is majority ownership by a foreign state, not control, that is the benchmark of instrumentality status. Pp. 473-478.

3. Instrumentality status is determined at the time of the filing of the complaint. Construing § 1603(b)(2) so that the present tense in the provision “a majority of whose shares … is owned by a foreign state” has real significance is consistent with the longstanding principle that the Court’s jurisdiction depends upon the state of things at the time the action is brought. E. g., Keene Corp. v. United States, 508 U. S. 200, 207. The Dead Sea Companies’ attempt to compare foreign sovereign immunity with other immunities that are based on a government officer’s status at the time of the conduct giving rise to the suit is inapt because the reason for those other immunities does not apply here. Unlike those immunities, foreign sovereign immunity is not meant to avoid chilling foreign states or their instrumentalities in the conduct of their business but to give them some protection from the inconvenience of suit as a gesture of comity, Verlinden B. V. v.Central Bank of Nigeria, 461 U. S. 480, 486. Because any relationship recognized under the FSIA between the Dead Sea Companies and Israel had been severed before suit was commenced, the companies would not be entitled to in-