If cost of goods sold is understated by $6,000 for this year, what effect will this have on income before income taxes in the following year?
A) understated by $3,000
B) overstated by $6,000
C) understated by $6,000
D) no effect
C
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Throughout history there have been significant periods of ________ when countries believed it was in their best interests to restrict international commerce.
A) socialism B) protectionism C) deregulation D) unionism E) privatization
The 80/20 rule is most directly related to ________ segmentation
A) demographic B) behavioral C) geodemographic D) socioeconomic E) psychographic
Which component of ethical behavior focuses on recognizing that an ethical problem exists?
A. component 1: moral sensitivity B. component 2: moral judgment C. component 3: moral motivation D. component 4: moral character
Which of the following statements about insurance brokers is (are) true? I. They legally represent the insured rather than the insurance company. II. They are prohibited from being licensed as agents
A) I only B) II only C) both I and II D) neither I nor II