Richard wants to know how his company handles late lunches but does not want to ask anyone. Instead, he watches others take late lunches and observes the manager’s reaction. Richard is
a. using surveillance.
b. observing.
c. spying.
d. indirectly questioning.
a. using surveillance.
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Which of the following events (transactions) is an internal event for a business entity?
a. An accountant provides services for clients. b. An accountant purchases computer equipment to maintain business records and prepare legal documents. c. Periodically, part of the cost of the computer equipment used by an accountant is assigned to depreciation expenses. d. An accountant receives cash payments from clients who were billed for services.
Which of the following does not apply to a codificational system such as accounting standards?
a. It is pragmatic because maximizing the standards is impossible. b. Outputs are evaluated on the basis of whether they work correctly. c. Outputs are evaluated on the basis of whether they provide information to users at a reasonable cost. d. Outputs are correct in terms of deductive logic.
Stefano transfers copyrighted music recordings, without the copyright owners' authorization, to his friends. This is
a. copyright infringement. b. a license. c. a safe harbor. d. none of the choices.
In Dingxi Lonhai Dairy v. Becwood Technology, Dingxi agreed to send four shipments to Becwood. Becwood received the first two shipments but refused to pay for the second one because of mold on the packaging. Dingxi sued for breach. The appeals courts held that:
a. the CISG did not cover the international contract because the parties named the UCC; under the UCC, Dingxi's claim may proceed b. the CISG did not cover the international contract because the parties specified the Commercial Law ofChina; under it, Dingxi has no claim due to product defect c. the CISG did not cover the international contract because the parties specified the Commercial Law ofChina; under it, Dingxi has no claim due to product defect d. the CISG governed the contract and, under it, Dingxi could not recover due to defects in the goods shipped e. none of the other choices are correct