Which of the following did NOT contribute to the Russian currency crisis of 1998?
A) an accelerated flight of capital
B) generally deteriorating economic conditions
C) a surprisingly healthy government surplus that was neither funding internal investment nor external debt service
D) all of the above
Answer: D
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The cost of retroactive benefits granted in a plan amendment or at the initial adoption of a pension plan is called
A) accumulated benefit cost. B) service cost benefits. C) prior service cost. D) vested benefits.
In accounting, $1,000 is generally considered the dividing line between material and immaterial amounts
Indicate whether the statement is true or false
The Alternative Energy Association would like a certain law enacted, administered, interpreted, and enforced in the best interest of its members, which include solar power companies. Under the Constitution, Congress
a. ?administers the laws.
b. ?enforces the laws.
c. ?interprets the laws.
d. ?enacts the laws.
Answer the following statements true (T) or false (F)
1. Plausible deniability is based on the belief that additional commitment is needed for a course of action even if this is not the correct course of action. 2. In direct response to the corporate scandals of Enron and WorldCom, the U.S. Congress passed the Sarbanes-Oxley Act in 2002. 3. Corporate-level fraud refers to fraud which benefits the individual while occupational management fraud would focus on making materially misleading information pertaining to the financial status of the firm. 4. As an industry increases in concentration, the chance that collusion will take place in the industry also increases. 5. As the level of environmental dynamism increases, the potential for top level managers to commit fraud decreases.