A Manufacturer Who Is Considering the Implementation of a One-Week

question 53

Multiple Choice

A manufacturer who is considering the implementation of a one-week training program for all new employees decides to test the program with the next 100 employees hired, and then compare their productivity rate to the productivity rate of new employees based on past records—a rate that is normally distributed with a mean of 60 and a standard deviation of 8. The new program needs to produce a minimum improvement of 4 to be considered worthwhile.
-What is the mean of the comparison distribution?

• A)52
• B)60
• C)68
• D)100

Differentiate between adjusting and non-adjusting events after the reporting period according to AASB 110.

Recognize when estimates are required in preparing financial statements and identify common areas requiring estimation.

Understand the reasons errors occur in financial statements and how they are addressed.

Assess the materiality of items based on their size and nature in financial reporting.

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Definitions:

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