Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?
A. VAC
B. TCPI
C. EAC
D. ETC
E. BAC
Answer: A
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Which of the following types of attributes are typical of services?
A) search B) experience C) credence D) feature
One of the primary activities of Rex, Inc. is to purchase hats from Viva, Inc. in Texas and sell them to its customers in Washington for a profit. It is likely that Rex is a ________
A) manufacturing company B) hybrid company C) service company D) merchandising company
Safeco's current assets total to $20 million versus $10 million of current liabilities, while Risco's current assets are $10 million versus $20 million of current liabilities. Both firms would like to "window dress" their end-of-year financial statements, and to do so they tentatively plan to borrow $10 million on a short-term basis and to then hold the borrowed funds in their cash accounts. Which of the statements below best describes the results of these transactions?
A. The transactions would improve Safeco's financial strength as measured by its current ratio but lower Risco's current ratio. B. The transactions would lower Safeco's financial strength as measured by its current ratio but raise Risco's current ratio. C. The transactions would have no effect on the firms' financial strength as measured by their current ratios. D. The transactions would lower both firms' financial strength as measured by their current ratios. E. The transactions would improve both firms' financial strength as measured by their current ratios.
Computer Fraud. The District of Columbia Lottery Board licensed Soo Young Bae, a Washington, D.C., merchant, to operate a terminal that prints and dispenses lottery tickets for sale. Bae used the terminal to generate tickets with a face value of
$525,586, for which he did not pay. The winning tickets among these had a total redemption value of $296,153, of which Bae successfully obtained all but $72,000. Bae pleaded guilty to computer fraud, and the court sentenced him to eighteen months in prison. In sentencing a defendant for fraud, a federal court must make a reasonable estimate of the victim's loss. The court determined that the value of the loss due to the fraud was $503,650—the market value of the tickets less the commission Bae would have received from the lottery board had he sold those tickets. Bae appealed, arguing that "