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DIA [1.3K]
3 years ago
7

6. Say whether the following words are (just) vague, (just) ambiguous, both vague and ambiguous, or neither. Briefly justify you

r answer. (a) Middle class (b) Odd number (c) Gold (d) Bank (e) Opportunity (f) Jaguar (g) Credit a. Middle class: b. Odd number: c. Gold: d. Bank e. Opportunity f. Jaguar g. Credit
Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer:

When something is vague, it is not being specific but when something is ambiguous, it has multiple meanings and so can be open to interpretation.

a. Middle class ⇒ Both VAGUE and AMBIGUOUS

Middle class is non specific because it is used as a blanket term for people or things not in either first or lower class. It also has multiple meanings.

b. Odd number ⇒ NEITHER

c. Gold ⇒ AMBIGUOUS

Gold has several meanings such as being a mineral, medium of exchange or even a color.

d. Bank ⇒ AMBIGUOUS

Bank also has different meanings. It could be a financial institution, land next to water or even a repository for blood.

e. Opportunity ⇒ VAGUE

Opportunity is vague unless the opportunity is described.

f. Jaguar ⇒ AMBIGUOUS

Jaguar has multiple means. It could be a animal or it could be a car.

g. Credit ⇒ AMBIGUOUS

Credit has several meaning as well. It could refer to loans, financial entry, increase in bank account etc.

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Assuming periodic inventory procedure, what effect would an understatement of ending inventory have on the different items on th
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Answer:

The understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.

Explanation:

The relationship between the elements of inventory in a financial statement is as shown below,

Opening balance + purchases - cost of goods sold = closing balance

As such, the understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.

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3 years ago
The distribution of hourly sales for a local family owned store is normally distributed with a mean of $225 per hour and a stand
adell [148]

Answer:  

The standard deviation of 75 dollars

Explanation:

Standard deviation, S.D.= 75 dollars; Mean, M= 225 dollars; Mean deviation, D= ?

S.D. = √ D² - M

∴ 75 = √ D² - 225

D² = 75² - 225 = 5625 + 225 = 5950

∴ D = √5950 = 24.4 dollars

From the above, it shows that, the standard deviation of 75 dollars contains the middle 95 percent of hourly sales.

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3 years ago
A household appliances manufacturer needs a new parts supplier for its washers and dryers. The manufacturer advertises for compe
enyata [817]

Answer: Supplier selection process

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Thus, from the above explanation we can conclude that the given case illustrates the supplier selection process.

4 0
3 years ago
What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Masteriza [31]

Answer:

Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.

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2 years ago
What is the function of a bank examiner?
Allisa [31]

Answer:

Explanation:

A bank examiner is highly trained professional who has the mandate of making sure that financial transactions in a bank, such as issuance of loans and savings are carried out legally and in accordance to the laws and regulations of the government. He/she  has a duty of checking whether the bank has complied with consumer protection laws to ensure the welfare of their customers. With these responsibilities, the examiner needs to be proficient with these laws , procedures and regulations

3 0
3 years ago
Read 2 more answers
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