Which component of the conceptual framework is perhaps the most difficult to apply in practice?
a. Confirmatory value
b. Understandability
c. Benefits greater than costs
d. Faithful representation
ANSWER: C
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Define OLAP and give some examples
When scheduling activities in a resource-constrained project, typically the activity scheduled first has the ________ amount of slack.
Fill in the blank(s) with the appropriate word(s).
Indicate whether each of the following items regarding internal control is true or false. ________ a) Accounting controls are composed of procedures designed to safeguard assets and ensure accounting records contain reliable information. ________ b) Administrative controls concern the reliability of the financial statements and the accuracy of the general ledger.________ c) Whenever possible, the functions of authorization, recording and custody should be exercised by the same dependable employee.________ d) Cash is most susceptible to embezzlement at the points of receipt and disbursement.________ e) A well-designed internal control system prevents collusion among employees.
What will be an ideal response?
How much of the lost money at MF Global did investors receive back in the bankruptcy?
a. Between 12 and 42 cents per dollar b. Between 75 and 93 cents per dollar c. Nothing, the liquidation brought no cash d. 50% of their original investment