If a trial balance is not equal, you should first:

A) re-compute the ledger balances.
B) trace all postings.
C) re-add the trial balance and calculate the difference.
D) match debits and credits in the journal.

What is an employer's liability based on under respondeat superior?

A) The employer's relationship with the employee
B) The employee's own fault.
C) The employee's apparent authority to act on the employer's behalf
D) The doctrines of ratification and estoppel.

What is unjust to a social egalitarian will also be unjust to a libertarian.

Consent restraints and provisions disqualifying purchasers may be used as long as:

A) they are not manifestly unreasonable.
B) at least one party consented to the provision.
C) the limitation is not unfair under prevailing professional norms.
D) the provision has a legitimate business interest.

The question,"Should we be in business?" is an example of a business strategy.

You have just won a $5 million lottery to be received in twenty annual equal payments of $250,000. What will happen to the present value of your winnings if the interest rate increases?

A) It will be worth less.
B) It will be worth more.
C) It will not change.
D) None of the above