If Bennett is a private certified management accountant, which of the following statements is TRUE about him?
A) He needs only a degree in accounting to do his job.
B) He does the same work as a public accountant.
C) He only works for for-profit organizations.
D) He works for only one business.
E) He might be asked to do an independent audit of his company.
Answer: D
Explanation: D) Practitioners of accounting are either private or public accountants. A private accountant works for one company, while a public accountant may work for any number of different clients.
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Describe an environment in which a firm should use a partitioned database
Answer the following statements true (T) or false (F)
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Suppose that you are trying to decide between two job offers. One consulting firm offers you $150,000 per year to work out of its New York office. A second consulting firm wants you to work out of its London office and offers you £100,000 per year
The current exchange rate is $1.65/£. Which offer should you take, and why? Assume that the PPP exchange rate is $1.40/£ and that you are indifferent between working in the two cities if the purchasing power of your salary is the same.