Joe had made an agreement with Auto Insurance Co.not to use his van for commercial business purposes when he purchased auto insurance.Joe had an accident while delivering pizzas for Bigger Pizza,Inc.For which type of violation will Joe not be covered under his insurance?

A) Fraudulent concealment
B) Misrepresentation
C) Concealment
D) Breach of warranty

A budget performance report compares actual costs with the standard costs and reports differences for possible investigation.

Which of the following statements best describes cash flows that would be shown on a cash budget?

A) Depreciation is included in the estimate of cash flows (Cash flow = Net income + Depreciation) ; hence, depreciation is set forth on a separate line in the cash budget.
B) If cash inflows from collections occur in equal daily amounts but most payments are made regularly on the 10th of each month, then it is not necessary to use a daily cash budget. A cash budget focused on the end of the month will suffice.
C) Sound working capital policy is designed to maximize the time between cash expenditures on materials and the collection of cash on sales.
D) The cash flows shown on the cash budget are the actual cash inflows and outflows and thus different from the firm's free cash flows, because FCF reflects after-tax operating income and the investments required to maintain future operations.

Which leadership scholar developed the main framework of adaptive leadership?

A) House
B) Bass
C) Kouzes
D) Heifetz

Beliefs,opinions,knowledge,or information held by the individual comprise the ____ component of an attitude:

A) behavioral
B) cognitive
C) affective
D) intellectual

CGJ Company has provided the following:
• 200,000 shares of $5 par value common stock are authorized
• 140,000 shares of common stock were issued for $11 per share
• 130,000 shares are outstanding
Which of the following statements is false?

A) Common stock is reported at $700,000 on the balance sheet.
B) Additional paid-in capital is reported at $840,000 on the balance sheet.
C) Stockholders' equity decreased $110,000 when the treasury stock was purchased.
D) There are 10,000 shares of treasury stock.