What type of investment would have a high risk premium associated with political and regulatory risk?
A) A drug company
B) A casino company
C) A tobacco company
D) All of the above are correct.
Answer: D
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A trial balance is prepared to:
A) prove that there were no errors made in recording transactions into the journal. B) prove that postings to the ledger are made in accordance with GAAP. C) prove that each account balance is correct. D) summarize the account balances to help prepare financial statements.
The only developed Annex I country to indicate that it is not a party to the Kyoto Protocol is the United States
Indicate whether the statement is true or false
A character set that is used predominantly by IBM is
a. ASCII b. EBCDIC c. Baudot d. Morse
Paddock Pools constructed a swimming pool and deck for the Jensens' home. Paddock installed the wrong trim on the pool. It would cost $2800 to change the trim - one-fifth the total cost of the pool. The Jensens refuse to pay anything for the pool. Paddock's best defense is:
A) duress B) substantial performance. C) mistake. D) failure of conditions.