In most cases, which of the following is true about a subsistence economy?
A) It has an agrarian society.
B) It is by definition landlocked.
C) It has a viable middle class.
D) It has high literacy levels.
E) It has an advanced economic infrastructure.
A
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Examples of entity-level controls include:
A. the period-end financial reporting process. B. controls to monitor results of operations. C. management's risk assessment process. D. All of these are examples of entity-level controls.
A company forgot to record four adjustments during 2012. Which one of the following omissions of adjustments will understate income?
A) Unearned revenue is not reduced for the portion that has been earned B) Interest on money borrowed has not yet been recorded. C) Prepaid insurance is not reduced for the portion of the policy that has expired during the period. D) Income taxes owed but not yet paid are ignored.
The elements of the marketing mix are combined to
A. demonstrate the expertise of the marketing staff. B. meet product display requirements. C. encourage in-house support for marketing. D. fulfill trade show and other promotional commitments. E. satisfy the target market.
The ____ is empowered to issue industry-wide safety standards for consumer products
A) UCCC B) RESPA C) FCCPA D) CPSC