Which types of penalties are only imposed after normal due process including a trial?

A. Failure-to-file penalty.
B. criminal and civil penalties.
C. civil penalties.
D. criminal penalties.
E. None of the choices are correct.


Answer: D

Business

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Sampling risk deals with which of the following?

a. Not carrying out the appropriate audit procedure. b. Drawing an incorrect inference from the sample results. c. Inappropriately diagnosing client's problems. d. Both A and C.

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A ______ format allows you to divide your subject into groups or major categories.

a. topical b. spatial c. cause and effect d. chronological

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Greene Partnership had average annual gross receipts for the past three years of $24.8 million and never has reported average annual gross receipts above $25 million. One of the partners is Jackson, Inc., a C corporation. Because Greene meets the average annual gross receipts test, it may use the cash method of accounting even though it has a partner that is a C corporation.

Answer the following statement true (T) or false (F)

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Harry Kunz applied for a job as a data entry clerk with the Clark Foundation. The job ad stated the minim requirements as being a bachelor's degree

Harry, who only possessed a high school diploma, lied on his resume by stating that he had received a Bachelor's Degree from the University of British Columbia. Harry got the job and performed extremely well. Two years after he was hired, his supervisor discovered that Harry had lied about his qualifications and he was immediately fired. Harry wishes to take legal action against his employer for wrongful termination. Which of the following is TRUE? A) Harry will likely be successful in recovering damages for wrongful termination of his employment as he was an excellent employee irrespective of his true educational qualifications. B) Harry did not make a material misrepresentation as his job performance illustrated clearly that a Bachelor's degree was not a true prerequisite of the post. C) Harry's employer can no longer rely on his having lied about his qualifications as grounds for his dismissal as too much time has passed. D) The employer was justified in terminating Harry's employment as Harry had made a material misrepresentation. E) Harry's dismissal was justified as he lied and any lie told by an employee to his employer is always grounds for immediate termination.

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