An accounting _____ arises when a firm incurs an obligation to make a future sacrifice that, because of a past event or transaction, it has little or no discretion to avoid
a. asset
b. liability
c. shareholders' equity
d. revenue
e. expense
B
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In the liquidity-preference model, an increase in prices causes
A. both the nominal interest rate and the equilibrium quantity of money to decrease. B. the nominal interest rate to increase and the equilibrium quantity of money to remain unchanged. C. the nominal interest rate to decrease and the equilibrium quantity of money to remain unchanged. D. both the nominal interest rate and the equilibrium quantity of money to increase.
For an integrated audit, the auditor's opinion about internal control effectiveness is based on control effectiveness at year-end as opposed to throughout the year
a. True b. False Indicate whether the statement is true or false
Imagine you are giving a presentation about how to change a car battery. What types of presentational aids would you use? Why?
What will be an ideal response?
Which of the following types of compensation is a per-unit payout paid on sales beyond the salesperson's quota?
A. base salary B. commission C. bonus D. fixed rate E. piece-rate