When changing from a larger to a smaller unit length in the metric system, move the decimal point

A) one place to the right.
B) one place to the left.
C) two places to the right.
D) two places to the left.


A

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What amount of cash must be invested today in order to have $48,000 at the end of one year assuming the rate of return is 7%? Use Appendix Table 1.

A. $33,600 B. $44,640 C. $44,860 D. $41,925.06

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Which of the following is true of benchmarking?

A) It is an analysis in which a firm's ratio values are analyzed to project the fundamental values of the assets for upcoming years or business cycle. B) It is an analysis in which a firm's ratio values are compared with those of a key competitor or with a group of competitors that it wishes to emulate. C) It is an analysis in which a firm's financial performance over time is evaluated using financial ratio analysis. D) It is a financial statement analysis technique which combines cross-sectional and time-series analyses.

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Under the Second Restatement, which of the following is correct with regard to a contract entered into with a third person by an agent of an undisclosed principal?

A) The agent has no liability to the third person if the agent has acted within the scope of her authority. B) The agent is personally liable upon the contract unless the third person discovers the existence and identity of the principal and elects to hold the principal to the contract. C) Once the third person learns of the existence and identity of the principal, that third person may hold both the principal and the agent to the performance of the contract. D) If the third party obtains a judgment against the principal, the agent may still have liability to that third party.

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Under the amended Securities Exchange Act of 1934, accountants are liable jointly and severally whether or not they knew they were violating the law.

Answer the following statement true (T) or false (F)

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