Which of the following is NOT a typical trait of today's employees?

A) They are younger than their predecessors.
B) They are said to be more diverse, ambitious and career-oriented than their predecessors.
C) They have more loyalty than their predecessors.
D) They are less complacent than their predecessors.


C

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Current accounting standards require that the discount rate used for pension plans be:

A. the average market rate since the beginning of the plan. B. estimated future average market rates. C. current market rate for the year. D. the rates at which the pension benefits could effectively be settled.

Business

Which of the following is not one of the primary reasons behind the creation of environmental statutes?

A. Ensure that government agency decisions have minimal environmental impact. B. Standardize environmental protections across the country. C. Protect an individual's personal property rights from environmental nuisances. D. Protect wildlife.

Business

Once the auditor obtains a fixed asset additions schedule from the client, the first audit procedure to perform is to test the existence of recorded additions

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

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Which of the following statements is CORRECT?

A. A bond is likely to be called if its market price is below its par value. B. Even if a bond's YTC exceeds its YTM, an investor with an investment horizon longer than the bond's maturity would be worse off if the bond were called. C. A bond is likely to be called if its market price is equal to its par value. D. A bond is likely to be called if it sells at a discount below par. E. A bond is likely to be called if its coupon rate is below its YTM.

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