Richard Causey, former chief accounting officer for Enron, pleaded guilty to falsely reported costs for Enron that were ________ than they actually were, resulting in reported accounting profits for Enron that were ________ than their actual level
The financial statements were falsified to mislead investors about the profitability of the firm.
A) lower; higher B) lower; lower C) higher; lower D) higher; higher
A
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Refer to the scenario above. If the local government has a progressive tax system, which family pays the largest amount as tax?
A) The first household B) The second household C) The third household D) The fourth household
The formula for finding the present value of an amount M that will be received one year from now, when the interest rate is R, is
A) M × (1 + R/100). B) M × (1 + R). C) M / (1 + R). D) M / R. E) M / (100R).
Game theory is most useful as a technique to model monopolistically competitive oligopolies
Indicate whether the statement is true or false
Which of the following best describes a marginal choice?
a. how much of something to do b. “all or nothing” decision making c. whether or not something is legal d. choosing the lesser of two evils