Which of the following is not true about the Comprehensive Environmental Response,
Compensation and Liability Act?
A) The act is commonly called the Superfund.
B) The sites are ranked and the highest sites are placed on a priority list.
C) The EPA performs all site cleanups, and then can recover the costs from responsible
parties.
D) A party can be required to pay the entire cost of cleaning a site even if only partly
responsible for the pollution.
C
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________ refers to the present value of a stream of revenue that can be produced by a customer
A) Net present value B) Actual customer value C) Market potential D) Lifetime customer value
The Securities and Exchange Commission (SEC) has the right granted to it by Congress to issue accounting standards. The Commission has exercised this right on a relatively infrequent basis. The SEC is not a passive observer to the financial accounting
standard setting process, however. Explain the general mission of the SEC and how the SEC fulfills its mission as regards financial reporting specifically.
Which ethical standard has been violated if an accountant fails to disclose relevant information pertaining to a financial statement?
a. Competence b. Confidentiality c. Integrity d. Credibility
The belief we have about who we are, and how we feel about ourselves is called?
a. Self-concept b. Self-efficacy c. Self-esteem d. Self-regard