Mona, an accountant, prepares for NuTech Corporation a financial statement that omits a material fact. The financial statement is included in NuTech's registration statement, which Pam reads. Pam buys NuTech stock. Under Section 11 of the Securities Act of 1933, for Mona to be liable for the omission, Pam must show that
A. Pam relied on the omission.
B. Pam suffered a loss on the stock.
C. Pam knew about the omission before making her purchase.
D. the omission had no causal connection to her loss.
Answer: B
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Which of the following is a challenge faced by organizations in the second stage of moving toward a sustainable growth?
A) to increase efficiencies and reduce harmful environmental impact B) to set standards for environmental regulations C) to identify compliance as an opportunity to competitive advantage D) to recognize the ways sustainability can create consumer value
Keisha is nervous during her speech. She fidgets with her pen and scratches her nose throughout her presentation. What type of gesture is Keisha displaying?
a. adapters b. affect displays c. illustrators d. emblems
Information reported or disclosed about the profit or loss of reportable segments consists of
A) a measure of operating profit or loss. B) segment revenues (separated into sales to external customers and intersegment sales). C) interest revenue and interest expense. D) All of these are included as information disclosed about the profit or loss of a reportable segment.
The rate of return on assets relates the results of operating performance to the investments of a firm without regard to how the firm financed those investments. The ratio is calculated as follows:
a. Net Income + Interest Expense Net of Income Tax Savings ----------------------------------------------------------------------- Average Total Assets b. Net Income ----------------------------------------------------------------------- Average Total Assets c. Net Income + Interest Expense ----------------------------------------------------------------------- Average Total Assets d. Net Income + Interest Expense Net of Income Tax Savings ----------------------------------------------------------------------- Ending Total Assets e. Net Income ----------------------------------------------------------------------- Ending Total Assets