Setup time for a product is 12 hours.A firm that uses JIT and produces the same product has reduced setup time by 1 hour.Setup labour is $20 per hour.What would be the currently attainable standard for setup time if the company wants to reduce non-value-added costs by 40 percent next year?
A)7.6 hours
B)7.2 hours
C)6.6 hours
D)4.8 hours
In order to use the t-statistic for hypothesis testing and constructing a 95% confidence interval as 1.96 standard errors, the following three assumptions have to hold:
In order to use the t-statistic for hypothesis testing and constructing a 95% confidence interval as 1.96 standard errors, the following three assumptions have to hold:
A)the conditional mean of ui, given Xi is zero; (Xi,Yi), i = 1,2, …, n are i.i.d. draws from their joint distribution; Xi and ui have four moments
B)the conditional mean of ui, given Xi is zero; (Xi,Yi), i = 1,2, …, n are i.i.d. draws from their joint distribution; homoskedasticity
C)the conditional mean of ui, given Xi is zero; (Xi,Yi), i = 1,2, …, n are i.i.d. draws from their joint distribution; the conditional distribution of ui given Xi is normal
D)none of the above
Deferred compensation refers to methods of compensating employees based upon their current service where the benefits are deferred until future periods.
Deferred compensation refers to methods of compensating employees based upon their current service where the benefits are deferred until future periods.
Suppose that the conditional variance is var(ui|Xi)= λh(Xi)where λ is a constant and h is a known function. The WLS estimator is
Suppose that the conditional variance is var(ui|Xi)= λh(Xi)where λ is a constant and h is a known function. The WLS estimator is
A)the same as the OLS estimator since the function is known
B)can only be calculated if you have at least 100 observations
C)the estimator obtained by first dividing the dependent variable and regressor by the square root of h and then regressing this modified dependent variable on the modified regressor using OLS
D)the estimator obtained by first dividing the dependent variable and regressor by h and then regressing this modified dependent variable on the modified regressor using OLS
A nondeductible floor of 2% of AGI is imposed on unreimbursed employee business expenses,investment expenses,and many other miscellaneous itemized deductions such as tax preparation fees.
A nondeductible floor of 2% of AGI is imposed on unreimbursed employee business expenses,investment expenses,and many other miscellaneous itemized deductions such as tax preparation fees.