The quality of being capable of “making a difference in a decision by helping users to form predictions about the outcomes of past, present, and future events or to confirm or correct expectations” is referred to in the conceptual framework as:
a. reliability.
b. relevance.
c. representational faithfulness.
d. understandability.
ANSWER: B
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Acting humble or friendly or making someone feel good or important before making a request are influence tactics known as
A. coalition tactics. B. inspirational appeals. C. consultation. D. ingratiating tactics. E. personal appeals.
Using the table below, indicate the impact of the following errors made during the adjusting entry process. Use a "+" for overstatements, a "-" for understatements, and a "0" for no effect. The first one is provided as an example.?ErrorRevenuesExpensesAssetsLiabilitiesEquityEx.Did not record depreciation for this period0-+0+1.Did not record unpaid telephone bill?????2.Did not adjust unearned revenue account for revenue earned this period.?????3.Did not adjust shop supplies for supplies used this period?????4.Did not accrue employee salaries for this period?????5.Recorded rent expense owed with a debit to insurance expense and a credit to rent payable?????
What will be an ideal response?
The absorption costing income statement does not distinguish between ________ and ________
a. cost of goods sold; gross profit b. income from operations; gross profit c. variable; fixed costs d. fixed manufacturing; fixed costs
When conducting selection interviews, Sarah likes to ask questions like “Imagine you are working the night shift and a piece of machinery breaks down. What would you do?” Sarah is asking _______ questions.
A. probing B. unstructured C. closed-ended D. hypothetical E. traditional