I a Committee Studying Employer-Employee Relations Proposed That Each Employee

question 61

Multiple Choice

i. A committee studying employer-employee relations proposed that each employee would rate his
Or her immediate supervisor and in turn the supervisor would rate each employee. To find reactions
Regarding the proposal, 120 office personnel and 160 plant personnel were selected at random.
Seventy-eight of the office personnel and 90 of the plant personnel were in favour of the proposal.
Computed z = 1.48. At the 0.05 level, it was concluded that there is sufficient evidence to support
The belief that the proportion of office personnel in favour of the proposal is greater than that of the
Plant personnel.
ii. We use the pooled estimate of the proportion in testing the difference between two population
Proportions.
iii. The pooled estimate of the proportion is found by dividing the total number of samples by the
Total number of successes.

• A) (i), (ii), and (iii) are all false statements.
• B) (ii) is a correct statement but not (i) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i) is a correct statement but not (ii) and (iii).

---

Definitions:

Specific Accounts

Refers to accounts designated for specific purposes or transactions, distinguishing them from general or combined accounts.

Uncollectible

Refers to accounts receivable that a company has deemed to be uncollectable and is likely to write off as a bad debt.

Direct Write-off Method

A method of accounting for bad debts in which companies write off receivables when they determine they are uncollectible.

Days' Sales in Receivables

A financial metric that measures the average number of days it takes for a company to collect payments from its credit sales.