Which of the following is true regarding environmental standards in the European Union?
a. America is increasingly replacing the European Union as the leader in environmental development.
b. European Union policy requires significant producer accountability, placing the burden of environmental responsibility on the manufacturer.
c. American firms are not required to conform to European Union product rules in order to sell their products in Europe.
d. The European Union applies the prevention principle by which uncertainty is a reason to forego environmental protections.
b
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Which of the following statements is true?
a. An entry in a general ledger account can be traced to the trial balance by referring to the page listed in the posting reference column of that ledger account. b. The posting of an amount recorded in the general journal can be verified by referring to the account number listed in the posting reference column on that line in the general journal. c. Business transactions are recorded first in the general ledger; then that information is transferred to the general journal. d. No explanation is needed for each entry in the general journal.
An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:
A. One's reliability obligation B. The due care principle C. Confidentiality D. Public interest obligation
The term marketer refers to the ________
A) advertising agency developing a product campaign B) public relations firm in contact with media organizations C) organization that has the product, service, or idea it desires to sell D) purchaser of a good or service E) media channels through which a product is promoted
Why doesn't stockholders' equity equal the market value of equity?
A. Stockholders' equity usually does equal the market value of equity. B. Investors tend to incorrectly price the market value of equity. C. It's due to incorrect entries prepared by accountants. D. It's related to the use of historical cost to report many long-term assets and the expensing of value generating costs such as research and development and advertising.