Five years ago, Shannon decided to start investing monthly in the common stock of ABC Telecom Company. Her financial well-being will be harmed if the price of ABC Telecom stock drops significantly

The risk of investment loss can be reduced if she invests in other companies and other types of financial assets. The risk Shannon faces with regard to her investments is a(n)
A) enterprise risk.
B) diversifiable risk.
C) pure risk.
D) nondiversifiable risk.


Answer: B

Business

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Integrity of information means the information is:

A. Accessible. B. Accurate. C. Complete. D. Accurate and Complete are correct.

Business

Explain how each of the following items should be reported by a corporation: (1) The accounting department discovered that an entry was made last year to Insurance Expense instead of to Prepaid Insurance. The after-tax effect of the charge to Insurance Expense was $5,000.(2) The accounting department determined the depreciable lives of equipment will be five years instead of the original estimate of seven years.

What will be an ideal response?

Business

The total costs on job cost sheets for jobs that are completed but not yet sold equals the balance in the Finished Goods Inventory account.

Answer the following statement true (T) or false (F)

Business

Under a model of social unionism, the labor movement's influence comes from:

A. Strong bargaining power in the workplace. B. The ability to control workplace decisions. C. Social and political power. D. Government mandates regarding union rights.

Business