What is the primary criterion by which accounting information can be judged?
A. Consistency
B. Predictive value
C. Usefulness for decision making
D. Comparability
Answer: A. Consistency
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For an activity to be treated as a public nuisance there must be some interference with the health, safety, or comfort of the public
a. True b. False Indicate whether the statement is true or false
If no time is specified in an offer, the law presumes the offer exists for one year before it is terminated by lapse of time
a. True b. False Indicate whether the statement is true or false
Which of the following best describes a functional structure?
A. It is an organizational structure where boundaries between jobs continually shift, and people pitch in wherever their contributions are needed. B. It is an organizational structure where work and resources are assigned to departments responsible for all the activities related to producing and delivering a particular product. C. It is an organizational structure where personnel and other resources are grouped according to the types of work they carry out. D. It is an organizational structure where an organization is departmentalized according to the type of customer served.
Pacific Bank pays a 4.50% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay?
A. 3.72% B. 4.13% C. 4.59% D. 5.05% E. 5.56%