What was different about the losses resulting from Robert Citron's conduct?

a. He was not given discretion on trading
b. He was not earning bonuses for profitable yields and trades
c. There are no differences
d. He did not invest in anything risky


.B

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Which of the following statements regarding contingencies is true?

a. Contingencies that are probable and estimable must be recorded before the outcome of future events. b. Contingent assets, if probable and estimable, are treated in much the same way as contingent liabilities. c. The accounting principle that determines whether a contingent asset is recorded is that of materiality. d. Contingencies that are not estimable should not be disclosed even if probable.

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Which of the following is a disadvantage of an over-engineered product?

A) The quality of the product will be low. B) It is less robust for its application. C) It is associated with operational problems. D) The product will have unwanted features.

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In first-degree price discrimination, the seller charges less to buyers who purchase in larger volumes

Indicate whether the statement is true or false

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The text discusses the topic of compounding over a large number of compounding periods

To illustrate, it shows that $1,000 invested at 8% for 40 years (annual compounding) grows to $21,724. But if you could earn 10% instead of 8%, you would earn ________ more at the end of 40 years. A) $4,431 B) 25 percent C) $23,535 D) $1,250

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