When the potential borrowers who are the most likely to default are the ones most actively seeking a loan, ________ is said to exist
A) asymmetric information
B) adverse selection
C) moral hazard
D) fraud
B
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If a student evaluates her professor low on all evaluation criteria due to dissatisfaction with the professor's grading, the student has likely committed which rater error?
A. Stereotyping B. Recency C. Central tendency D. Halo E. Proximity
In a line chart, only values on the horizontal axis need to be identified
Indicate whether the statement is true or false
A(n) ____________________ is a collection of information stored digitally so that it is accessible by computers and mobile electronic devices
Fill in the blank(s) with correct word
King Sales sells a certain product for $20,000. Included in this price is an implied service-type warranty of $600. Fifty machines were sold in 2016. Warranty expense incurred during 2016 amounted to $35,000. Which of the following entries would King Sales probably not make in 2016?
A. ?Unearned Warranty Revenue 35,000 Warranty Revenue 35,000 B. ?Cash 1,000,000 Sales 970,000 Unearned Warranty Revenue 30,000 C. ?Cash 30,000 Warranty Revenue 30,000 D. ?Warranty Expense 35,000 Cash (or other assets) 35,000