Our higher order goals are reduced to consumption and savings goals for budgeting purposes

Indicate whether the statement is true or false.


TRUE

Business

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The employees of Claudio Inc. were on strike for 30 days and that led to huge losses for the business. Owing to loss of business and wages, both parties wanted to settle the dispute but were unable to negotiate successfully. Which method of alternative dispute resolution is best suited to them? Why?

What will be an ideal response?

Business

What is the best way an auditor can detect fraud in the financial statements?

a. Use professional skepticism. b. Understand Generally Accepted Accounting Standards. c. Brainstorm with the client to find the types of fraud occurring. d. Actively search for errors in the financial statements.

Business

An asset created by prepayment of an insurance premium is:

A. Recorded as a credit to Unearned Revenue. B. Not recorded in the accounting records until the insurance period expires. C. Recorded as a debit to Prepaid Insurance. D. Recorded as a credit to Prepaid Insurance. E. Recorded as a debit to Unearned Revenue.

Business

Which of the following is NOT a category of the Occupational Safety and Health Administration's voluntary protection program?

A. Star B. Achiever C. Merit D. Demonstration

Business