The research approach that examines the association between accounting data reported in annual financial statements and the levels of stock prices is called:

a. cross-sectional valuation.
b. investor survey analysis.
c. accounting information usefulness research.
d. time series analysis.


ANSWER: A

Business

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Assuming the results of operations is the same for both companies, which of the following closing entries for a partnership would not be identical to the closing entries for a sole proprietorship?

a. Closing revenues to Income Summary; b. Closing expenses to Income Summary; c. Closing Drawing to Capital; d. All closing entries would be the same; e. No closing entries would be the same.

Business

Which skill set of Emotional Intelligence focuses on when a person can accurately predict how others will respond and choose the right message?

A. identifying emotions B. using emotions C. understanding emotions D. managing emotions

Business

The additional output associated with the employment of one additional human resources unit, with other production factors held constant, is known as the:

A. marginal product of labour B. net profit margin C. future price D. marginal review of labour E. marginal cost of labour

Business

Kyle was eating clam chowder soup in a restaurant when a very small piece of bone lodged in his throat. Fortunately, he was able to remove the bone with his fingers. However, he was upset by the incident and sued the restaurant for negligence. What is the most likely result in this case?

a. Kyle will not collect any damages since he did not sustain any damages. b. Kyle will collect damages because the restaurant committed negligence per se. c. Kyle will collect damages if he proves it was possible to prevent tiny fish bones from being present in clam chowder. d. Kyle will collect damages, as res ipsa loquitur applies.

Business