____________________ describes technical or specialized terms within a field
Fill in the blank(s) with correct word
Jargon
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A restaurant is being sued because a customer claims to have found a bug in her chili. The company's lawyers believe there is only a remote possibility that the lawsuit will result in an actual liability. Which of the following actions should be taken by the company's management?
A) The situation should be described in a note to the financial statements. B) The possible liability should not be shown in the financial statements. C) The liability should be estimated and accrued as an expense. D) An expense must be matched to the period in which the incident occurred.
In a statement of cash flows, which of the following events would be classified as a financing activity?
A. purchase of a trading security B. payment of interest on a loan C. payment of cash dividends to shareholders D. All of these answer choices are correct.
______ include memories associated with personal experiences that people see as having shaped who they are as individuals.
A. Social identity B. Cross-cultural interaction C. Self-schemas D. Intercultural interaction
Which of the following statements about business reports is most accurate?
A) The larger an organization, the more vital the exchange and flow of information becomes. B) Reports are prepared for internal readers, not external readers. C) To be considered a business report, a document must be in writing. D) To be considered a business report, the document must be at least ten pages in length.