Payment practices vary around the world. Islamic law is interpreted by many Muslims to mean that interest payments are prohibited by the Koran. In practice, this means that in countries that practice Islamic law:
a. there is no borrowing or lending
b. all borrowing is done at zero interest rate
c. borrowing is done by lending arrangements that pay the equivalent of interest d. interest payments must be donated to religious organizations
e. none of the other choices
c
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Which of the following is least controllable by the management of a department?
a. sales; b. direct operating margin; c. indirect expenses; d. gross profit margin; e. none of these are controllable by the management of a department
The auditor is normally not permitted to divulge confidential information obtained from a client. Which of the following situations would be a violation of this standard?
a. To respond to the information request of a shareholder. b. To respond to a quality review request of the state board of accountancy. c. To initiate a complaint with the AICPA's ethics division. d. To ensure adequate disclosure in accordance with GAAP.
What is a theory that proposes that individual personality, thoughts, and attitudes do not motivate behavior?
A. enforcement theory B. operant conditioning C. classical conditioning D. stimulus theory
Libra Electronic Inc. has launched a new range of light-weight vacuum cleaners with enhanced features. Before developing the product, Libra Electronic conducted a thorough study about customer requirements
The company also studied the quality of its competitors' vacuum cleaners. Based on insights about customer wants and competitor strengths and weaknesses, Libra Electronic has designed vacuum cleaners that can be clearly distinguished from other brands. Libra Electronic most likely has a _____ orientation. a. promotion b. market c. sales d. production