Which of the following statements regarding macro viruses is true?
A. a macro virus is platform independent
B. macro viruses infect documents, not executable portions of code
C. macro viruses are easily spread
D. all of the above
D
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One significant difference between a classified and a non-classified balance sheet is the distinction between which of the following items?
a. Assets and liabilities b. Current and noncurrent items c. Liabilities and owners' equity d. Resources invested by the owners and amounts borrowed from creditors
In performing substantive tests on account balances, the auditor performs tests for all five assertions
a. True b. False Indicate whether the statement is true or false
Which of the following is a reason why production capacity utilization began to decline around the end of World War I?
A. Financial markets were becoming less sophisticated. B. Capacity had been decreased greatly for the war. C. Financial markets placed more pressure on firms to continually increase sales volume and profits. D. High entry barriers prevented new companies from entering into the market place. E. Firms that had dominated their respective industries before the war maintained their positions due to lack of competition.
The LOOP statement is a mechanism that allows the checking of a condition to determine if statements should or should not be processed.
Answer the following statement true (T) or false (F)