Which of the Following Is True of a Covariance Matrix

question 11

Multiple Choice

Which of the following is true of a covariance matrix?

• A) The numbers on the diagonal are variances
• B) The numbers on the diagonal are standard deviations
• C) The numbers on the diagonal are all one.
• D) The numbers on the diagonal are all zero

Explain the significance of chargeout rates and realisation rates in service entities.

Understand the distinctions and characteristics between professional service firms and mass service entities.

Comprehend the components and calculations involved in cost of goods for merchandising entities.

Identify the roles and activities within service firms related to customer interaction.

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Definitions:

Unearned Revenues

Income received by a company for goods or services that have yet to be delivered or performed.

Source Documents

Original records that provide evidence and details of business transactions, such as receipts and invoices.

Debit

A financial record that elevates an asset or expense account, or lessens a liability or equity account.

Double-entry Accounting

An accounting method where every financial transaction results in equal and opposite effects in at least two different accounts.