Recognizing unearned revenue as earned revenue is an example of which type of fraud?
a. Liability understatement
b. Revenue understatement
c. Cost of goods sold understatement
d. Assets overstatement
a
FEEDBACK: a. Correct. This is a liability fraud.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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For Walt Disney Company, the best mode for going global is by:
A) joint ventures. B) licensing. C) 100-percent ownership. D) exporting. E) franchising.
Identify the elements generally included in a business plan
What will be an ideal response?
Which of the following statements is true of contracts?
A) The offeror is the party to whom an offer to enter into a contract is made. B) An offeree is the authority that supervises the signing of a contract. C) A contract is created when the offer is made and before it is accepted. D) To have an enforceable contract, there must be mutual assent by the parties.
Jacob, an expert in traffic patterns requirements for increasing highway lanes, is presenting to the Tennessee Department of Transportation about the need for additional highway lanes between Nashville and Memphis. What would be an effective opening for his presentation?
a. Thank you for having me today. I want to tell you why TDOT needs to increase the number of highway lanes between Nashville and Memphis to 12. b. I am glad to be here! Isn't the weather in Tennessee wonderful today? c. How many of you have spent time on the Interstate 51 between Nashville and Memphis? Then you have seen what I am about to describe. d. All of the above would be equally effective.