Which of the following is not true regarding SATTA?
a. It attempted to develop metatheoretical guidelines for the evaluation of accounting information and valuation systems.
b. It took into account the many valuation systems of accounting as well as other theoretical considerations.
c. It enumerated the reasons why it was impossible to develop criteria that would enable the profession to unequivocally accept a single valuation system for accounting.
d. It was commissioned by the AAA.
ANSWER: A
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Which of the following is an example of an e-mail flame?
a. Jon sending an e-mail that is blunt, insensitive, and rude to another coworker b. Susan sending an off-color joke to the entire company c. Alice using Facebook to complain about a customer d. Daniel using his company e-mail address for personal business
Which of the following statements is not consistent with the marketing concept?
A) The focus of a business is not profits but customers. B) A business should have competitor focus. C) Customer needs should be served at all costs. D) A business need not serve unprofitable customer segments.
Consumer psychographics are easy to quantify, less complex than demographics, and open to less interpretation about consumer attitudes, values, and lifestyles
Indicate whether the statement is true or false
Which of the following statements is TRUE? The concept of fundamental breach
A) produced considerable inconsistencies in court decisions B) was limited by the Supreme Court decision in Tercon Contractors C) was applied in an unpredictable way to limitation and exclusion clauses D) All of the above E) None of the above