Q #1. A bank’s internal auditing division performs semiannual audits of each branch. The audit reports are sent to the bank’s chief executive officer and chief financial officer and to the manager of the audited branch. The purpose of the audits is to determine whether policies and practices are followed properly. Into what report classifications might the audit report fall? Explain.
Answer: First of all, a bank’s ‘internal’ auditing ‘semiannual’ reports fall into the criteria of internal reports and periodic reports, both of which are generally directed upward and serve management control purposes. Secondly, this audit report is a formal report- usually carefully structured, logically organized and objective contains much detail, and is written in a style that tends to eliminate such elements as personal pronoun. Thirdly, this report falls under the criteria of analytical reports as information in the reports suggests solution to problems. This report is also a vertical report as the report is traveling upward in organizations to contribute to management control. Lastly, this report is a functional report, which serves as a specified purpose within a company.
Q #2. How might a null hypothesis be stated for a research study attempting to determine whether television or magazine advertising has greater influence on athletic shoe sales?
Answer: Athletic show sales rate exhibit no significant difference when advertisements are placed either on television or magazine.
Q # 3. How are observational and experimental researches different?
Answer: Observational studies are those in which the researcher observes and statistically analyses certain phenomena to assist in establishing new principles or discovery. For example: In the Parents magazine, it reported that a study found a positive association between the frequency and severity of heartburn during pregnancy of the mom and how much hair the newborn baby has. According to the study, about two