The highest level of information richness is achieved when messages are transmitted through
A. face-to-face channels.
B. phone calls.
C. handwritten letters.
D. instant messages.
E. audio-visual displays.
Answer: A
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Permanent accounts:
A. are Balance Sheet accounts. B. have their balances zeroed-out at the end of each accounting year. C. do not have their year-end balances carried into the next year. D. are not permitted under GAAP.
Which of the following is NOT a rule to follow when adding an ending to a word?
A. Double the final consonant if the vowel sound in the last syllable of the base word is short. B. Double the final consonant if the suffix to be added to the base word begins with a vowel. C. Double the final consonant if the last syllable of the base word is accented. D. Double the final consonant if the base word ends in "w" or "x."
Which of the following events would have the best chance of excusing performance of a contract based on commercial impracticability?
a. The price of a raw material increases slightly so that the contract will not be as profitable. b. An unforeseeable trade embargo causes prices to triple. c. The promisor of personal services dies. d. The subject matter of the contract is destroyed.
An example of a zero-beta asset is
A) the stock of a rapidly-growing Internet company, such as Yahoo!. B) the stock of a mature company, such as General Motors. C) a Treasury bill. D) a thoroughly diversified portfolio of common stocks.