Where is a central business district typically located?

A. Shopping malls
B. Downtown area
C. Rural area
D. Semi-urban area
E. Airport


Answer: B

Business

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Issues related to the purchasing function, such as kickbacks, bribes, conflicts of interest, and the like are often addressed by ____

a. job descriptions b. corporate codes of conduct c. computer security modules d. vendor master files

Business

Echo Corporation plans to sell a small building to Nate, its 65% shareholder. The building was placed in service five years ago. An independent appraisal will be obtained to set the selling price at an appropriate market price, and a $50,000 gain is expected to result. The only asset previously sold by Echo was a stock investment five years ago which resulted in a $40,000 loss. If the sale of the building closes before year-end, the gain on the building will allow recognition of the capital loss carryover before it expires.

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

Business

Under the direct method of reporting operating cash flows, a company deducts its operating cash outflows from its operating cash inflows to determine its net cash provided by (or used) in operating activities

Indicate whether the statement is true or false

Business

Individuals often participate in fraud because they believe that by not participating in the fraud scheme, they may lose their job. Which type of power is at play here?

a. Expert power b. Legitimate power c. Coercive power d. Reward power

Business