Which of the following is not one of the main factors that contribute to fraudulent activity?

A) Opportunity.
B) Incompatible duties.
C) Financial Pressure.
D) Rationalization.

Retained earnings

A) is unique to the corporate form of business.
B) is an optional account in the partnership form of business.
C) reflects cash paid in by stockholders to date.
D) is closed at the end of the year.

Today, most jobs are filled through the open job market.

Dan has been assigned to prepare a formal invitation to external agencies to bid for contracts. He has been instructed to specify exactly the type of work to be performed or products to be delivered, along with budgets, deadlines, and other requirements. Dan should prepare ________.

A) bids
B) request for proposals
C) due diligence reports
D) grant proposals

A pure monopolist:

A) will realize an economic profit if price exceeds ATC at the profit-maximizing/loss-minimizing level of output.
B) will realize an economic profit if ATC exceeds MR at the profit-maximizing/loss-minimizing level of output.
C) will realize an economic loss if MC intersects the downsloping portion of MR.
D) always realizes an economic profit.

Refer to Figure 4.3. An example of an effective price floor would be the government setting the price of pencils at

A) $0.00.
B) $0.40.
C) $0.45.
D) $0.50.