By the Rule of 72, what annual interest rate would be required to turn $100 into $200 in approximately six years?
A) 4%
B) 8%
C) 12%
D) 16%
Answer: C
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Which of the following indicators relating to lease capitalization is an example of IFRS criteria being more principles-based than GAAP with respect to lease accounting?
A) The title must transfer to the lessee at the end of the lease term. B) The present value of the payments must be at least 90% of the fair value of the asset. C) The lease term must be a major part of the economic life of the asset. D) The lease agreement must contain a bargain purchase option.
Nonfinancial measures of quality might include
A) percentage of defect-free materials. B) product defects per thousand units produced. C) number of customer complaints. D) all of these options.
Having a ______ mind-set is a key standard for contemporary managers.
A. global B. local C. narrow D. national
________ is intended to teach the defendant that crime carries a heavy price tag, with the hope that he will never do it again
a. Retribution b. Specific deterrence c. General deterrence d. Rehabilitation