In terms of big data what is veracity?
A. Different forms of structured and unstructured data.
B. Uncertainty of data, including biases, noise, and abnormalities.
C. Analysis of streaming data as it travels around the Internet.
D. Scale of data.
Answer: B
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The price at which a share of capital stock may be purchased or sold at a given time is called its
a. market value. b. par value. c. stated value. d. book value.
Which of the following statements is true about the Internet?
A. It slows down globalization. B. It slows down decision making. C. It drives down costs. D. It has reduced threats to most businesses. E. It does not influence globalization.
Applying the lower-of-cost-or-market rule follows which of the following accounting conventions?
a. Full disclosure b. Matching c. Materiality d. Conservatism
The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the ending merchandise inventory will:
a. debit Merchandise Inventory and credit Income Summary for $45,000. b. debit Merchandise Inventory and credit Income Summary for $40,000. c. debit Income Summary and credit Merchandise Inventory for $40,000. d. debit Income Summary and credit Merchandise Inventory for $45,000. e. debit Merchandise Inventory and credit Capital for $45,000.