According to bond rating agencies, a bond rated "AAA" has a higher probability of default than a bond with a "BBB" rating

Indicate whether the statement is true or false.


Answer: FALSE
Explanation: According to bond rating agencies, a bond rated "AAA" has a LOWER amount of default risk than a bond with a "BBB" rating.

Business

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Unrealized gains and losses on trading securities are not included in the calculation of income from operations

a. True b. False Indicate whether the statement is true or false

Business

Assume a situation in which an attorney who provided significant litigation counsel to a client to refuses to furnish information requested in an audit. Which of the following descriptions best describes this situation from the auditor's perspective?

a. A departure from GAAP. b. A scope limitation. c. A violation of the attorney-client privilege. d. A contingent liability.

Business

Honest, two-way communication can occur

a. in hostile situations. b. in an environment of mutual trust. c. only among good friends. d. only during feedback sessions.

Business

According to Table 8-6, which describes a labor planning problem and its solution, how many workers would be assigned to shift 4?

A) 1 B) 0 C) 14 D) 16 E) None of the above

Business