Examples of expropriation without compensation involve the following governments:
A. China with Hong Kong and Japan with the Kuril Isl.
B. the U.K. with the Falklands.
C. Canada with northern Maine.
D. the U.S. with Iranian property in the U.S., Cuba with U.S. property in Cuba, and Zimbabwe with land owned by white Zimbabwean citizens.
Answer: D
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An employee decides to steal cash from his/her employer. What would be the best way to conceal such a fraud?
a. Record the stolen cash as an expense. b. Writing down accounts payable for a supplier. c. Increasing accounts receivable from a customer. d. Writing down as dividend paid to shareholders.
What is the best cost accumulation procedure to use when many batches, each differing as to product specifications, are produced?
a. Actual. b. Standard. c. Job-order. d. Process.
A high price/earnings ratio indicates:
a. investor confidence in high future earnings. b. that the stock is probably overvalued. c. that the stock is probably undervalued. d. little investor confidence in high future earnings.
When an person holds a leadership role for a group of presenters, that person's responsibilities may include all of the following except
A) speaking first. B) speaking last. C) evaluating each group member's performance. D) ensuring that all group members' talents are used.