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- Question 3 In this problem we will decompose a naive comparison of averages into a treatment effect and selection bias. Suppose a wine seller has 1000 different wines on offer and decides to advertise half of them. We are asked to assess the effect of advertising on wine sales, and are given last month's sales figures. a) Explain in words why the 'naive' comparison of sales figures may not be informative of the ATE, ATT or ATU. b) What do you need to assume about selection bias for the comparison of sales figures to be informative of the ATE, ATT and ATU? Also write your answer in terms of conditional expectations. c) Can the naive comparison equal the ATE even with selection bias? Explain. d) Assume average sales for advertised wines were $600, whereas non-advertised wines were $800. Assume also that the selection bias in o is -$300 and the selection bias in y, is -$400. Complete the table below and explain your answers. (Note: Half of wines are advertised). Not Advertised Advertised…Question 12 The amount of loss (lower profit or higher cost) from not making the best decision for each state of nature is known as O utility None of the choices best payoff risk profile O opportunity lossEngineering Management questionWhat may be used as aids in planning
- Pay grades allow rates of pay for individual jobs to be more precisely matched to market rates and the organization's job structure. Question 31 options: True FalseQuestion 3 What internal control or procedure(s) would provide protection against the following threats? A purchasing agent orders materials from a supplier that he partially owns Receiving-department steal inventory and then claim the inventory was sent to the warehouse. An unordered supply of laser printer paper delivered to the office is accepted and paid for because the “price is right.” After all of the laser printers are jammed, however, it becomes obvious that the “bargain” paper is of inferior quality. The company fails to take advantage of a 1% discount for promptly paying a vendor invoice Inventory records show that an adequate supply of copy paper should be in stock, but none is available on the supply shelfQuestion #30 of 85 Question ID: 1251796 Debbie owns 100% of the common stock (3,750 shares, valued at $2,517,000) of Great West Linens Inc. Her daughters are full-time employees of the business. The business has a 10% average annual growth rate. Debbie has the following goals for the future: To further involve her daughters in the business To maintain control of the business to prevent its sale or liquidation during her lifetime To freeze the value of the business in her gross estate To receive sufficient income to maintain her current standard of living both currently and in retirement Which one of the following is the most appropriate form of business transfer for Debbie? A) A preferred stock recapitalization in which Debbie receives a majority of the shares with voting rights, a fixed liquidation value, and qualified income payments, and transfers other shares to her daughters B) A private annuity transaction with her daughters transferring all of her shares in…
- Question 5 In the context of account classification, which of the following is a benefit of single-factor analysis? O It employs a matrix system. O It is used for goal setting. It requires no data manipulation. O It provides equal weightage to all categories of accounts. O It uses statistical analysis.QUESTION 2 (Part) Marie from question 1 expected to have a substantial income tax liability for the 2023 income year and shortly before 30 June 2023 wanted to adopt some tax planning strategies to reduce that liability. She considered the following two suggestions. ... The second alternative suggestion was a “tax effective” investment scheme that Marie heard about at a city wine bar that was a “certainty” to reduce her income tax liability. The investment was marketed by a brochure that highlighted its tax advantages and was widely promoted by a cattle investment company. It involves a cattle breeding program under which an investor agrees to lease from the cattle investment company some cows for breeding purposes and pays leasing fees for this, and then makes income from the sale of bred cattle. The initial lease period is two years during which the investor engages a cattle management company to manage the cows for breeding purposes and pays management fees for these services. An…Incentive pay is influential because the amount paid is linked to certain predefined behaviors or outcomes. Question 32 options: True False