The continuous assessment by management to assess the potential for fraud and other risks is referred to as:
A. the control environment.
B. monitoring activities.
C. risk assessment.
D. information and communication.
Answer: C
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The Taylor rule implies that the nominal federal funds rate should be increased if there is a _____ output gap or a _____ inflation gap.?
A. ?positive; positive B. ?positive; negative C. ?negative; positive D. ?negative; negative
The normal balance of revenue is a(n) ____________________
Fill in the blank(s) with correct word
Starlight Associates, Inc recorded salary expense of $100,000 in 2016 . However, additional salaries of $5,000 had been earned, but not paid or recorded at December 31, 2016 . After the adjustments are recorded and posted at December 31, 2016, the balances in the Salaries Expense and Salaries Payable accounts will be: Salaries Expense Salaries Payable
a. $105,000 $5,000 b. $100,000 $ 0 c. $100,000 $5,000 d. $105,000 $ 0
Which category describes the cognitive processes through which needs are translated into behavior?
A. component theories B. content theories C. process theories D. procedure theories