Problems with the health care system in the United States that led to implementation of the Affordable Care Act included I. Rising healthcare expenditures II. Considerable waste and inefficiency in the healthcare system

A) I only
B) II only
C) both I and II
D) neither I nor II


Answer: C

Business

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The Reform Act's safe harbor under the 1933 Act eliminates civil liability based on an untrue statement or omission if a forward-looking statement is:

a. material. b. made without actual knowledge that it was false or misleading. c. unidentified as a forward-looking statement d. All of these.

Business

For each project audit, the participation of the business project sponsor is desirable, but not necessary

Indicate whether the statement is true or false

Business

Must the underlier of a derivative transaction be an asset that can be delivered at maturity?

If so, explain why. If not, explain what happens when the contract matures. What are the two major requirements for an underlier to be successful? What will be an ideal response?

Business

Elektronix, Inc. has three operating segments with the following information:  DVDs VCRs MP3sSales to outsiders$4,000,000  $500,000  $2,000,000 Intersegment transfers none   none  $100,000 Segment expenses$3,000,000  $624,000  $1,700,000 Segment assets$14,000,000  $6,000,000  $5,000,000 ?What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?

A. $660,000. B. $690,000. C. $670,000. D. $680,000. E. $650,000.

Business