Libel is the ____ act of defamation of character by making false statements about a person.
A. deliberate
B. accidental
C. either a. or b.
D. neither a. nor b.
Answer: A
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Incorrect acceptance is directly related to which of the following?
a. The efficiency of the audit. b. The ineffectiveness of the audit. c. The cost of the audit. d. All of the above.
MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% service charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be:
A. Debit Cash $172.80 and credit Sales $172.80. B. Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180. C. Debit Cash of $180 and credit Accounts Receivable?Regional $180. D. Debit Accounts Receivable?Regional $172.80; debit Credit Card Expense $7.20 and credit Sales $180. E. Debit Cash of $180 and credit Sales $180.
In order to profit from an expected near-term increase in the relative value of the British pound
versus the U.S. dollar, an investor would be wise to maintain a short position in pounds, then sell when the pound rises in relative value. Indicate whether the statement is true or false
Which of the following types of advertising is most appropriate for the awareness stage of an advertising campaign?
A. jingle B. competitive ad C. direct-action retail ads D. reminder ad E. price deal offers