What is the chief advantage of primary data?
A. low cost compared to secondary data
B. relevance to the problem at hand
C. availability to any interested party for use
D. accessibility through computerized databases
E. avoiding interviewer biases
Answer: B
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Which action was a key element in the WorldCom audit fraud case?
a. Recording bartered exchange transactions as revenue. b. Overstating cash by falsely recording cash held at major banks. c. Recognizing revenue on the sale of impaired assets. d. Concealing large losses related to securities investments.
Which document is NOT prepared by the sales department?
a. packing slip b. shipping notice c. bill of lading d. stock release
In which of the following combinations of capital structure do the common stockholders have to bear the maximum risk?
A. 100 percent equity B. 100 percent debt C. 50 percent equity and 50 percent debt D. 25 percent equity and 75 percent debt E. 75 percent equity and 25 percent debt
Why does an increase in the volatility of foreign exchange rates increase the value of foreign currency options?
What will be an ideal response?