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TABLE 10-5 To Test the Effectiveness of a Business School Preparation Course

question 33

Multiple Choice

TABLE 10-5
To test the effectiveness of a business school preparation course, 8 students took a general business test before and after the course. The results are given below.
Exam Score Exam Score
Student Before Course (1) After Course (2)
1 530 670
2 690 770
3 910 1,000
4 700 710
5 450 550
6 820 870
7 820 770
8 630 610
-Referring to Table 10-5, at the 0.05 level of significance, the conclusion for this hypothesis test is that there is sufficient evidence that

Comprehend the revenue recognition principle and its application in financial reporting.

Grasp the primary objectives of financial accounting and its relevance to external users.

Recognize the importance and impact of ethics and social responsibility in accounting and business operations.

Identify and distinguish between the various types of business activities: operating, investing, and financing.

Definitions:

Public Sector

Refers to the part of the economy composed of both public services and public enterprises, owned and operated by the government.

U.S. President

The head of state and government of the United States of America, serving as the executive leader and commander-in-chief under the U.S. Constitution.

Labor Dispute

A disagreement between workers and employers related to employment conditions, including wages, hours, and workplace policies.

Final Offer Arbitration

An arbitration process where the arbitrator must choose one party's final offer in its entirety, without modification, encouraging fair and realistic proposals.