All of the following are commonly held values in the United States EXCEPT:
A. personal control.
B. action.
C. belief in fate.
D. continuous change.
E. equality.
Answer: C
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Which of the following represents the core drives of the information age?
A. Fact, intelligence, business skills, knowledge. B. Data, intelligence, business information, knowledge. C. Data, information, business intelligence, knowledge. D. Fact, data, intelligence, experience.
Answer the following statements true (T) or false (F)
The Accounting Standards Steering Committee (ASSC) is the United Kingdom equivalent of the Securities and Exchange Commission.
Which of the following is deducted from the bank balance on a bank reconciliation?
A. Deposits in transit B. Bank service charge C. EFT received from customers D. Outstanding checks
Seller contracted to sell lumber to the buyer. The contract was a shipment contract and the
goods were to be shipped by common carrier. The lumber was destroyed by fire before the common carrier delivered the lumber to the buyer. Which of the following statements best describes this situation? A) The risk of loss remains on the seller until a document of title is delivered to the buyer. B) The risk of loss passed to the buyer when the goods were delivered to the common carrier. C) The risk of loss has not yet passed to the buyer and remains on the seller until the goods are delivered. D) The risk of loss passed to the buyer when the contract was made.