A(n) ________ is a compact made between two or more nations
A) amendment
B) treaty
C) charter
D) statute
B
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Groups that value high power distance believe that relationships are
A) informal B) relationship-oriented C) hierarchical D) individualist
Which of the following are prospective financial statements upon which an accountant may appropriately report for general use?
A. Partial presentations. B. Pro forma financial statements. C. Financial projections. D. Financial forecasts.
In terms of cost behavior, telephone expenses are often classified as
A) sunk costs. B) variable costs. C) fixed costs. D) mixed costs.
Which of the following statements is CORRECT?
A. Sunk costs must be considered if the IRR method is used but not if the firm relies on the NPV method. B. A good example of a sunk cost is a situation where a bank opens a new office, and that new office leads to a decline in deposits of the bank's other offices. C. A good example of a sunk cost is money that a banking corporation spent last year to investigate the site for a new office, then expensed that cost for tax purposes, and now is deciding whether to go forward with the project. D. If sunk costs are considered and reflected in a project's cash flows, then the project's calculated NPV will be higher than it otherwise would be. E. An example of a sunk cost is the cost associated with restoring the site of a strip mine once the ore has been depleted.