The basic enforcement mechanism of __________ is a system of on-site inspections by safety and health inspectors
a. OSHA
b. Social Security
c. workers' compensation
d. FLSA
a
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Harry was the lead singer in a band that hit it big. For his birthday, Harry had two hundred friends flown by chartered jets to a private island in the South Pacific
They ate the most expensive food, and every morning the bungalows were burned to the ground and rebuilt for the next night. Harry's party is a good example of ________. A) parody display B) social mobility C) ascribed status D) conspicuous consumption
According to professional audit standards, how might an understanding of the nature of fraud that may occur in the client organization be identified by an audit firm?
a. Fraud training courses from actual corporate fraud ex-criminals. b. Conducting a brainstorming session with the members of the audit team. c. Circulating a survey to the client company employees for completion. d. Discussions with other audit firms.
What is a "probable cause?"
a. The level of evidence usually required by a jury to arrive at a unanimous verdict in a criminal case. b. Series of written questions that specifically identify information needed from the opposing party. c. A written order in the name of the court, requiring a witness to submit to a deposition, give testimony at trial, or report to an administrative body. d. The level of evidence required for a reasonable person to believe that a crime has been committed and the accused committed it.
GAAP and IFRS require firms to report trading securities at fair value on the balance sheet. The income statement reports the debit (loss) for decreases in the fair value and the credit (gain) for increases in the fair value of trading securities in an account with a title such as _____
a. Realized Holding Loss (or Gain or Gains and Losses, net) on Long-Term Securities b. Unrealized Holding Loss (or Gain or Gains and Losses, net) on Short-term Securities c. Realized Holding Loss (or Gain or Gains and Losses, net) on Trading Securities d. Unrealized Holding Loss (or Gain or Gains and Losses, net) on Trading Securities. e. Realized Holding Loss (or Gain or Gains and Losses, net) on Short-Term Securities.