Differentiate between closed sectors and restricted sectors

What will be an ideal response?


Closed sectors are sectors of a state's economy that are not open to foreign investors. Many states limit the percentage of foreign investment allowed in certain economic sectors. These are called restricted sectors.

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"Matching principle" is best described as:

A) the principle that a revenue should be recorded when a resource has been earned. B) an increase in resources resulting from the sale of goods or the provision of services. C) the principle that expenses should be recorded in the period resources are used to generate revenues. D) an increase in the financing activities.

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Depreciation expense is not reported on a statement of cash flows prepared under the direct method.

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

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The HIPAA Act of 1996

A) requires financial institutions to ensure the security of customer data. B) specifies best practices in information systems security and control. C) imposes responsibility on companies and management to safeguard the accuracy of financial information. D) outlines medical security and privacy rules. E) identifies computer abuse as a crime and defines abusive activities.

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The competency most strongly associated with social awareness is:

A.  conflict management. B.  empathy. C.  organizational comprehension. D.  self-esteem. E.  job performance.

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