Answer the following statements true (T) or false (F)
The SEC prohibits consolidation of a subsidiary company unless majority ownership exists.
ANSWER: T
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Which statement is true concerning materiality?
a. Misstatements are material if they could reasonably be expected to influence the decisions of users of the financial statements. b. Materiality guidelines are specifically prescribed by the PCAOB. c. Materiality is not a useful concept in assessing internal control effectiveness. d. Materiality is a concept applied to financial statement presentation but not to disclosures.
Among the mistakes most commonly made by new exporters, failing to consider the use of an ____________ company if the company cannot afford its own export department is a common one.
Fill in the blank(s) with the appropriate word(s).
According to your text, of all the external factors that affect the marketing environment, which one represents the most significant challenges, as well as the most significant opportunities, for marketing professionals?
A. political B. technological C. sociocultural D. economic E. demographic
Productivity is the
A. highest level of output for the best worker. B. average level of output per worker. C. lowest level of output for all hourly workers. D. average level of output for workers with at least five years of experience. E. average level of output for a randomly selected group of employees.