Costs of determining whether defects exist are called:
A. external failure costs.
B. internal failure costs.
C. prevention costs.
D. appraisal costs.
E. defects costs.
Answer: D
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Which of the following is the main reason behind the financial crisis of 2008?
A. There was a sharp decline in the growth rate of money supply. B. There was a sharp increase in the quantity of exports from the U.S. to Asian countries. C. Banks in the U.S. made subprime mortgage loans. D. Banks had much higher requirements for borrowers to qualify for loans than normal.
When a parent uses the equity method throughout the year to account for its 80% investment in an acquired subsidiary, which of the following statements is false at the date immediately preceding the date on which adjustments are made on the consolidated worksheet?
A. Parent company total assets equals consolidated total assets. B. Goodwill is not recorded on the parent's books C. Parent company dividends equals consolidated dividends. D. Parent company retained earnings equals consolidated retained earnings. E. Parent company net income equals controlling interest in consolidated net income.
Corporations' chief executive officers are directly accountable for the accuracy of financial statements filed with the Securities and Exchange Commission
a. True b. False Indicate whether the statement is true or false
U.S. antitrust laws may be applied to protect foreign consumers and competitors from violations committed by U.S. business firms
Indicate whether the statement is true or false