Going through documents discarded by your bank to obtain information in order to access your bank account is an example of
A) shoulder surfing.
B) dumpster diving.
C) pretexting.
D) skimming.
Answer: B
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No mention of the contingent liability needs to be made in the financial statements, if the probability of payment is _____
a. "remote" b. "probable" c. "reasonable possible" d. "not plausible"
Total variable costs
A) stay the same as output changes B) increase as output decreases C) equal a variable rate x amount of output D) increase on a per unit basis as output increases
The structure of a typical organization is similar to a pyramid, with different levels that require one consistent type of information to assist with all managerial decision making.
Answer the following statement true (T) or false (F)
One method used to monitor the collections of accounts receivable is aging
Indicate whether the statement is true or false