Which of the following concepts or principles relates most directly to reporting accounting changes and errors?
a. Conservatism
b. Consistency
c. Objectivity
d. Materiality
B
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Which of the following is most closely associated with authoritarian leadership?
a. two-way communication b. abusive supervision c. loose hierarchy d. a culture of independent thinkers
Consider the data above for a simple economy: Using 2011 as the base year, calculate nominal GDP, real GDP, and the GDP deflator for 2016. Show your work.
In determining a defendant's liability for negligence, his or her superior skill or knowledge will be attributed in applying the reasonable person standard, thus increasing the chance that the defendant may be held liable
a. True b. False Indicate whether the statement is true or false
Despite the U.S. economic crisis of 2008, research suggests that:
A. the government will most likely increase the federal tax rate, both for individuals and businesses. B. upcoming regulations will look toward eliminating enforceable contracts. C. housing prices are still likely to reach a record high. D. most budding entrepreneurs still plan to launch their firms in the next three years.