If two variables are highly correlated, it not only means that they are linearly related, it also means that a change in one variable will cause a change in the other variable
Indicate whether the statement is true or false
FALSE
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Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE).
1. ________ Repair of transmission or engine 2. ________ Sales tax paid on the purchase price 3. ________ Training of personnel for initial operation of machinery 4, ________ Modification for new use
Answer the following statement(s) true (T) or false (F)
1. Concern about the ethics of leaders is a relatively recent phenomenon. 2. Ethical theory provides a system of rules or principles that guide us in making decisions about what is right or wrong. 3. Deontological theory focuses primarily on the consequences (ends or purposes) of an individual’s actions. 4. The ethics of leaders have little impact on the ethical climate of their organizations. 5. Virtue-based theories of ethics focus on the conduct of leaders rather than who they are as people.
The best way to characterize the role of Sherron Watkins in the downfall of Enron is:
A. She tried to alert Ken Lay about the accounting scandal at Enron B. She gave in to the pressure of Andy Fastow to go along with materially misstated financial statements C. She directed the internal auditors to examine numerous transactions that led to the discovery of the fraud D. She was sent to jail even though she cooperated with the government in its case against Enron
Fifth National Bank decided to loan $200,000 to Fred Franklin. As collateral for the loan, Fred posted stock certificates. When Fred defaulted on the loan, Fifth National tried to sell the stock
They discovered the stock certificates were stolen from someone else. Which insuring agreement in a financial institution bond is designed to cover such losses? A) Insuring Agreement B—On Premises B) Insuring Agreement C—In Transit C) Insuring Agreement D—Forgery or Alteration D) Insuring Agreement E—Securities