A subprime mortgage is a loan made to a borrower who does not qualify for a standard mortgage.
Answer the following statement true (T) or false (F)
True
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During weekly conference calls, Mary, a restaurant manager for a national chain of restaurants, and the other managers in her district explain to their district manager the reasons for different decisions; they also explain why certain costs and sales were higher or lower than they were the previous week. _______ is the explanation of their decisions and work results.
A. Accountability B. A stepped decision C. A hierarchy of authority D. Touching E. Power
Which of the following accounting conventions would an accountant most likely apply when facing major uncertainties?
a. Full disclosure b. Conservatism c. Materiality d. Consistency
Which of the following is an effect of the Sony Bono Copyright Term Extension Act of 1998?
A) The length of validity for copyrights in effect at the time and for future copyrights was extended by 20 years. B) Copyright protection was extended to computer programs. C) The length of validity for a corporate copyright was extended to be the same as for a copyright held by an individual. D) Copyright protection was extended from 17 to 20 years.
Which of the following statements regarding the Dreamliner 787 is true?
A) Boeing has found partners in over a dozen countries. B) The new aircraft incorporates a wide range of aerospace technologies. C) The new aircraft uses engines from not one, but two manufacturers. D) Boeing will add only 20 to 30 percent of the aircraft's value. E) All of the above are true.