Most developed nations share the following characteristic(s):
A. a large base of productive capital.
B. plentiful educational opportunities and illiteracy.
C. disguised unemployment or underemployment.
D. access to health care and a wide range of health problems.
E. vigorous international trade, especially in agriculture and manufacturing.
Answer: A
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a. True b. False Indicate whether the statement is true or false
Several factors are considered in deciding whether or not to investigate fraud. Which of the following is NOT one of them?
a. The signal that investigation or noninvestigation will send to others in the organization. b. Perceived cost of the investigation. c. Exposure or amount that could have been taken. d. Perceived strength of the predication. e. Preparation of a surveillance log.
Which of the following is a capital budgeting method used to screen potential investments?
A) return on assets B) acid test ratio C) accounting rate of return D) debt-to-equity ratio
If an adjusting entry includes a debit to Rent Expense, it indicates that the payment of rent had been previously recorded as a(n) ________
A) deferred expense B) depreciation expense C) accrued expense D) accrued revenue