What is the difference between stock options and an employee stock ownership plan (ESOP) ?

A) Stock options carry significant risk, whereas ESOPs are risk-free.
B) Stock options are usually granted to company executives, whereas ESOPs are provided to all employees.
C) In stock options, stocks are placed into a trust, whereas ESOPs give employees the right to buy a certain number of shares of stock.
D) Under stock options, employees can sell their stocks, whereas ESOPs do not allow employees to sell their stocks.
E) Earnings from stock options are exempt from income taxes, whereas earnings from ESOPs are taxable.

In recording the acquisition cost of an entire business

A) goodwill is recorded as the excess of cost over the fair value of identifiable net assets.
B) assets are recorded at the seller's carrying amounts.
C) goodwill, if it exists, is never recorded.
D) goodwill is recorded as the excess of cost over the carrying amount of identifiable net assets.

_____ occurs when a visual is stretched excessively horizontally or vertically to change the meaning it conveys to the reader.

A) Scale distortion
B) Varied scale size
C) Zero-point error
D) Format error
E) Grid misplacement

Which of the following occurs when a person reaches the age of majority and states,either orally or in writing,that he or she intends to be bound by the contact entered into as a minor?

A) Implied ratification
B) Express ratification
C) Express novation
D) Implied novation
E) Disaffirmance

Import tariffs benefit the consumers of the product involved.

The confirmation bias is best described as the tendency for people to:

A) seek and consider evidence that supports their preferred hypothesis,and discount or ignore information that refutes their beliefs.
B) want others to agree with them because of their need to be liked.
C) not want to act as a devil's advocate in a group,even though it would help the group.
D) put unwarranted confidence in their decisions.