Which school of ethical thought evaluates actions as ethically good or bad depending on what they contribute to improving intelligence, wisdom, and self-restraint?
A) deontological
B) humanist
C) consequential
D) utilitarian
B
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In order to perform their required roles and be valuable business partners, accountants must understand all of the following except:
A. What risks the business faces, and how internal controls can mitigate those risks. B. How the business collects data, summarizes it, and communicates business information. C. How the business delivers value, interacts with other businesses, and is a good corporate citizen. D. How the business identifies and designs its products and services.
In a capital budgeting decision, sensitivity analysis can be performed on all of the following except:
a. the cash flow. b. the discount rate. c. the life of the asset. d. the weighted average cost of capital.
Which of the following refers to the power delegated by the U.S. Congress to an administrative agency to make rules that must be adhered to by individuals and businesses regulated by the agency?
A) fiduciary power B) executive power C) legislative power D) judicial power
Latashia reports $100,000 of gross income on her 2018 tax return, filed on the april 17,2019 due date.She omits $30,000 of income,but error was not fraudulent. When does the statue of limitations for examining her tax return expire?
A: April 17,2025 B: April 17, 2022 C: April 17 2021 D: It never expires.