The federal government must disclose certain records to any person or entity on written request only if there is a rational reason for the request
a. True
b. False
Indicate whether the statement is true or false
False
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Omission, telescoping, and creation are errors that may occur if the respondent has a problem remembering the information asked in the questionnaire
Indicate whether the statement is true or false
John is an owner of a franchise that produces custom signs and banners. Prior to the recession, the majority of John’s business came in the form of walk-in and repeat customers. After the recession, the amount of traffic to his shop dwindled and his business was suffering. John decided to hire an outside salesperson to actively find new business rather than wait for new business to come to him. What type of change did John implement?
a. strategy b. structure c. technology d. people
Sarantuya, a college student, feels that now is a good time to buy stocks. However, because she doesn't have any savings, she decides to borrow $15,000 at an annual interest rate of 8 percent. She must make an interest-only payment each year for five years, plus repay the entire principal in Year Five. On August 1, 20X8, when Sarantuya obtained the loan, Sarantuya invested $10,000 in several individual stocks and used the remaining $5,000 to pay her tuition for the year. Assuming Sarantuya's investment income this year is greater than her investment interest expense this year, how much investment interest expense can she deduct in 20X8? (Round your intermediate calculations to the nearest whole percent.)
What will be an ideal response?
To which of the following matters would materiality limits not apply when obtaining written client representations?
A. Disclosure of line-of-credit arrangements. B. Violations of state labor regulations. C. Instances of fraud involving management. D. Information about related party transactions.