Closed questions leave all possible response options to the respondent

Indicate whether the statement is true or false


FALSE

Business

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What type of risk is intentional failure by management to accurately disclose violations of debt covenants?

a. Inherent risk b. Fraud risk c. Control risk d. Detection risk.

Business

In Singapore, you can incur a heavy fine for drinking any kind of liquid on public transportation, including water; in Germany putting your hands in your pockets while you are talking to someone is considered rude; and in India saying the word “no” during a business meeting is frowned upon. Feeling confused and not having an understanding of these strange customs would occur in which cultural adaptation stage?

a. Autonomy b. Reintegration c. Disintegration d. Independence

Business

Bonds which carry the full faith and credit of a government are called general obligation bonds.

Answer the following statement true (T) or false (F)

Business

Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales:January 1150 units were purchased at $9 per unit.January 17120 units were sold.January 20160 units were purchased at $11 per unit.January 29150 units were sold. What is the value of ending inventory?

A. $2,670. B. $2,730. C. $440. D. $360. E. $2,750.

Business