Regulatory takings cases indicate that:
a. the destruction of property value must be almost complete for compensation to be due b. the destruction of property value need not be extensive for compensation to be due
c. the destruction of property value need not be more than 50% for compensation to be due d. the destruction of property value is irrelevant
e. none of the other choices are correct
a
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In general, material frauds perpetrated by which of the following are most difficult to detect?
A. Controller. B. Internal audit function. C. Cashier. D. Keypunch operator.
In an effort to improve the conceptual framework, the FASB, in conjunction with the IASB has been moving towards more __________ standards
a. rules approach b. principles approach c. broad approach d. international approach
Managers place a high priority on internal control systems because the systems assist managers in all of the following except:
A. Protecting assets. B. Assuring that no loss will occur. C. Promoting efficient operations. D. Ensuring reliable accounting. E. Upholding company policies.
The establishment of new facilities from the ground up is known as
A. gray market trade. B. exporting. C. cross-border acquisition. D. international entrepreneurship. E. greenfield investment.