In Lightle v. Real Estate Commission, involving a real estate agent in a dispute over a house sale, the Alaska high court held that the claim of fraudulent misrepresentation against Lightle:
a. failed because Lightle only recommended the purchase of a particular house
b. failed because Lightle obtained no financial gain from the problem that occurred
c. failed because the plaintiff is a sophisticated purchaser who could evaluate the situation d. was justified because Lightle knowingly passed false information
e. was justified because Lightle used force to make the deal happen
d
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Berat believes it is morally wrong to pay overseas workers low wages and decide to close down his U.S.-based company rather than betray his principles. This example is related to which ethical decision- making approach?
a. Objectivity approach b. Justice approach c. Utilitarian approach d. Rights approach
Crockett Corporation's 5-year bonds yield 6.35%, and 5-year T-bonds yield 4.45%. The real risk-free rate is r* = 2.80%, the default risk premium for Crockett's bonds is DRP = 1.00% versus zero for T-bonds, the liquidity premium on Crockett's bonds is LP = 0.90% versus zero for T-bonds,
and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) 
0.1%, where t = number of years to maturity. What inflation premium (IP) is built into 5-year bond yields?
A. 1.40%
B. 1.10%
C. 1.11%
D. 1.33%
E. 1.25%
Amounts received in advance from customers for future products or services:
A. Increase income. B. Are revenues. C. Are liabilities. D. Require an outlay of cash in the future. E. Are not allowed under GAAP.