Vertical analysis always involves comparing financial statement elements over a span of time.
Answer the following statement true (T) or false (F)
False
Vertical analysis of an income statement (also called a common size income statement) involves converting each income statement component to a percentage of sales. Although vertical analysis suggests examining only one period, it is useful to compare common size income statements for several years.
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In recent years, identity theft has been more prevalent as part of phishing.
Answer the following statement true (T) or false (F)
The “Moral Potency Questionnaire” measures moral potency, which means a person must demonstrate ______.
a. both moral awareness and moral action b. low moral ownership c. ethical leadership d. both moral awareness and a personal code of ethics
Symmetric information is defined as the situation in which _______.
A. investors and managers have identical information about the firm's prospects B. employees and managers have identical information about the firm's prospects C. investors and creditors have identical information about the firm's prospects D. managers have different (better) information about their firm's prospects than outside investors E. employees have different (better) information about their firm's prospects than managers
How is "sovereign immunity" interpreted under U.S. law today?
A) It gives absolute immunity to a foreign nation from all U.S. laws. B) It gives immunity to foreign governments for commercial activity carried on in the U.S. by the foreign government. C) It exempts the public acts of a foreign government, such as those involving diplomatic activity, from all U.S. laws. D) All of these.