________ is defined as the intentional misrepresentation or omission of a material fact that is relied on by the client and causes the client damage.
A. An unqualified opinion
B. Actual fraud
C. A disclaimer of opinion
D. Constructive fraud
Answer: B
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Answer the following statements true (T) or false (F)
1. Obsolete technology and outdated facilities are examples of organizational threats. 2. Guthrie Community College has done a SWOT analysis and discovered that the number of college-bound high-school juniors in its state has grown by nearly 20% in the past few years. This is a strength for Guthrie. 3. Organizational threats are the environmental factors that hinder an organization's ability to achieve a competitive advantage. 4. Forecasting is a strategic-planning tool used to make long-term strategy.
One major difference between deferral and accrual adjustments is that:
A. deferral adjustments increase net income, and accrual adjustments decrease net income. B. accounts affected by an accrual adjustment always go in the same direction (i.e., both accounts are increased or both accounts are decreased), and accounts affected by a deferral adjustment always go in opposite directions (one account is increased and one account is decreased). C. accrual adjustments affect income statement accounts, and deferral adjustments affect balance sheet accounts. D. deferral adjustments are made under the cash basis of accounting, and accrual adjustments are made under the accrual basis of accounting.
Under the Toxic Substances Control Act (TSCA) of 1979, every manufacturer of a new chemical must give the Environmental Protection Agency a ________
A) pre-manufacturing notice (PMN) at least 90 days before the first use of the substance in commerce B) state implementation plan (SIP) at least 90 days before the first use of the substance in commerce C) pre-manufacturing notice (PMN) at least 60 days before the first use of the substance in commerce D) state implementation plan (SIP) at least 60 days before the first use of the substance in commerce
Derek, a Web designer, works for a pharmaceutical company. He uploads information about the company's products on to its official Web site. Which of the following will Derek use to transmit data from the company's server to its Web site?
A) WSDL B) SOAP C) JSON D) XML