Which of the following statements about industry self-regulation regarding privacy is not true?
A) OPA members are required to implement the OPA's privacy guidelines.
B) The primary focus of industry efforts has been the use of online "seals" that attest to the site's policies.
C) Industry efforts have not so far succeeded in reducing American fears of privacy invasion.
D) The NAI's privacy policies have established the TRUSTe seal.
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Monetary-unit sampling is commonly used by auditors to test controls.
Answer the following statement true (T) or false (F)
Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these companies, she attends board meetings, analyzes information, and tries to act in the best interests of their shareholders. Linda is an example of an outside director.
Answer the following statement true (T) or false (F)
You have won the lottery and received a check for $1,275,156 today. You invest the lottery check today at an annual interest rate of 8% and allow it to build for a full ten years
At that point in time, you shift the money to an account paying only 6% per year. You plan to spend $175,000 per year in retirement (assume equal annual end-of-the-year cash flows) for 30 years, and your first retirement cash flow is exactly eleven years from today. Will you have enough money to fully fund your desired retirement? Use a calculator to determine your answer. A) Yes, because your investment will allow you to spend up to $225,000 per year in retirement. B) No, because your investment will allow you to spend up to only $158,000 per year in retirement. C) Yes, because your investment will allow you to spend up to $200,000 per year in retirement. D) No, because your investment will allow you to spend up to only $137,000 per year in retirement.
Betty is a single retiree who receives Social Security benefits of $12,000, tax-exempt interest of $4,000 and a taxable pension. Determine the amount of taxable Social Security benefits assuming her annual pension isa. $10,000.b. $20,000.c. $50,000.
What will be an ideal response?