Personal liability coverage
A)
protects you against the financial harm caused by the negligence of others.
B)
protects you only from financial damages for the bodily injury your negligence has caused others.
C)
protects you only from financial damages for the property loss your negligence has caused others.
D)
protects you against legally-obligated expenses for the bodily injury or property damage your negligence has caused others.
D
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The accounting department reports that the balance of accounts receivable is $210,000. You are willing to accept that balance if audit sampling suggests it is within $15,000 of the actual balance. Using a classical variables sampling plan, you compute a 95% confidence interval of $208,000 to $225,000. You would therefore:
A. not be able to determine the acceptability of the receivable balance. B. accept the $210,000 balance because the confidence interval is within the materiality limits. C. accept the balance but with a lower level of confidence. D. take a larger sample before totally rejecting the balance and requiring adjustments.
In terms of prioritization and the to-do list, how can one avoid the tendency to put off a high-priority task to work on a lower-level one?
a. Look for ways to complete a high-level and a low-level task simultaneously. b. If the high-priority task becomes too much, delegate it to someone else. c. Add and prioritize new tasks as they come up. d. Ignore new tasks until the current high-priority task is complete.
As of December 31, Year 2, Bristol Company had $100,000 of assets, $40,000 of liabilities and $25,000 of retained earnings. What percentage of Bristol's assets were obtained through investors?
A. 35% B. 25% C. 40% D. 60%
In the BCG Matrix, a ________ is a business that has a low market share in an industry characterized by high market growth.
A. cash cow B. dog C. question mark D. star