A flexible spending account is an employer-sponsored account that allows employee-paid expenses for medical or dependent care to be paid with employee's pretax dollars rather than after-tax income

a. True
b. False


a

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Where would we expect to find Keiretsu?

a. China b. India c. Japan d. Philippines

Business

Fair Debt Collection. Gloria Mahon incurred a bill of $279.70 for medical services ren-dered by Dr. Larry Bowen. For more than two years, Bowen sent monthly billing statements to the Mahons at their home address (where they had lived for forty-five

years). Getting no re-sponse, Bowen assigned the collection of their account to Credit Bureau of Placer County, Inc Credit Bureau uses computerized collection tracking and filing software, known as Columbia Ultimate Business Systems (CUBS). CUBS automatically generates standardized collection notices and acts as an electronic filing system for each account, recording all collection activities, including which notices are sent to whom and on what date. Credit Bureau employees monitor the activity, routinely noting whether an envelope is returned undelivered. Credit Bureau mailed three CUBS—generated notices to the Mahons. According to Credit Bureau's records, the notices were not returned and the Mahons did not respond. Credit Bureau reported the Mahons' account as delinquent. The Mahons filed a suit in a federal district court against Credit Bureau, alleging in part that the agency had failed to send a validation notice, as required by the Fair Debt Collection Practices Act. Credit Bureau filed a motion for summary judgment. Should a notice be considered sent only if a debtor acknowledges its receipt? Why or why not?

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Simple linear regression requires that the scales of measurement be expressed in either:

a. nominal or ordinal. b. ordinal or ratio. c. interval or ratio. d. nominal or ratio. e. nominal or interval.

Business

Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of

A.  Objective cynicism. B.  Independent differentialism. C.  Professional skepticism. D.  Impartial conservatism.

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