4. Consider the case of Aggie Theme Park above. In addition to choosing whether to inspect, another option is available. One golf bag can be taken from the lot and sent to a laboratory for inspection, and its quality (defective or non-defective) can be reported before the inspection decision must be made. The cost of this initial inspection is $75. a. Define the states and decision alternatives b. Construct the decision tree for this problem and analyze the decision tree to identify the optimal policy. c. Calculate EVSI and indicate the most that the company should pay for laboratory inspection in order for it to be worthwhile to pursue.

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing, maintaining, and firing the workforce

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?