FINANCE EXAM 3

Businesses must comply with regulations that limit the amount and type of pollution and waste they produce. These regulations are referred to as (a)   laws. A. environmental B. antitrust C. property D. industrial

• environmental

• antitrust

• property

• industrial

What form of business ownership is best to use when the business owners have difficulty acquiring enough money to pay for the startup costs and initial operating expenses?

• Partnership

• Sole proprietorship

• Franchise

• Corporation

An important purpose of full-disclosure laws and regulations is to

• allow company employees to use inside information for personal gain.

• provide information to investors so they can make informed decisions.

• require companies to disclose all information about their operations.

• prevent a stock's par value from dropping below its market value.

Which of the following is a tax-deductible gift: A. Stocks B. Vacation home C. Charitable donation D. Inherited items

• Stocks

• Vacation home

• Charitable donation

• Inherited items

Which of the following is an example of a preventive internal control:

• A. Physical inventories

• B. Data reconciliations

• C. Variance analyses

• D. Segregation of duties

What type of technology do businesses use to inspect financial transactions and ensure that they are in compliance with government regulations?

• Domain computing

• Cyber mapping

• Virtual auditors

• Simulation browsers

A researcher should consider an author's expertise in a particular topic when assessing the validity of written articles and publications to

• analyze the author's emotional intelligence.

• verify the timeliness of the information.

• evaluate the author's level of credibility.

• confirm personal understanding of the information.

What method of note-taking involves using headings and subheadings to record the relationships and content in a well-organized, multi-level structure?

• Sentence

• Outline

• Mapping

• Shorthand

In a formal business letter, the salutation is written

• after the body of the letter.

• on the front of the envelope.

• on the back of the envelope.

• before the body of the letter.

What is an example of a topic that would be addressed in an informational message?

• Request for payment on a past-due account

• Date and time of appointment with customer

• Charitable appeal for a corporate donation

• Invitation to speak at a national conference