Active- and passive-voice sentences each convey _____________
a. chronology
b. actions
c. locations
d. spatial information
b
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Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion?
A. The entity plans to implement new controls. B. Management believes the cost of correcting a material weakness would exceed the benefits derived from implementing the new controls. C. Disclosure of material weaknesses corrected during the period. D. Management includes disclosures about corrective actions taken by the entity after the date of management's assessment.
Which of the following is one of the Court-Appointed or Panel Trustee's duties or characteristics?
a. Investigate the acts, conduct, liabilities, assets, and financial condition of the debtor, the operation of the debtor's business and the desirability of the continuance of that business. b. Approve reorganization plans c. Administering bankruptcy cases and reviewing employees and fee applications. d. Holds a valid claim against a debtor.
Nico Nelson, a management trainee at a large New York-based bank, is trying to estimate the real rate of return expected by investors
He notes that the 3-month T-bill currently yields 3 percent and has decided to use the consumer price index as a proxy for expected inflation. What is the estimated real rate of interest if the CPI is currently 2 percent? A) 5% B) 1% C) 3% D) 2%
Failure to comply with Sections 1 or 2 of the Sherman Act:
A) is a felony and can result in imprisonment. B) may subject an individual to a fine of up to $1 million under the 2004 amendments. C) may subject a corporation to a fine of $100 million per violation. D) All of these.