Accounting
What is the accounting equation
Assets=Liabilities + Owners Equity
Drew is the CEO of a drug company, he hears first that one of the companies drugs was patent approved, Drew buys a significant amount of stock right before this news is made public and does not disclose it. What do Drew's action demonstrate?
Insider trading
What is an example of a tax liability
What is Corporate Governance intended for?
To effectively solve problems in business, employees need to ____________.
Respect the opinions of others
Which of the following is a legal consideration that pertains to accounting
a) Computer hacking
b) Gift giving
c) entertaining
d) tax reporting
d) tax reporting
Organize content in a cohesive manageable way
Ford Motor company purchased tires from one tire company to be put on all automobiles in its manufacturing plants. This is an example of ______________ purchasing.
Industrial
If three employees have the same level of ability and compliance, what factor may a business use to decide who to promote
Seniority
What is the advantage of using technology in compliance
Increased efficiency
State an example of cost of credit
Annual fees
WHat is the best financial analysis for comparing a single company's historical financial information to determine trends
Horizontal Analysis
Why are insurance institutions different than banks
Insurance institutions ensure their customers against certain risks
Tom determines who in his company can read data within the financial information management system. Tom has assumed responsibility for the ______________ stewardship of his company's financial information.
Access
When Arthur travels out of the country, he buys souvenirs, when returning home he discovered he had to pay ____________ tax on his items.
Customs Duty
Why is it important for a business to keep important accounts receivable information
To monitor aging accounts
Financial globalization helps investors reduce their exposure to _______________
Business cycle risks
The nature of an agents work and the level of an agent's control are factors that determine if a ____________ relationship exists
Employer-employee
What does a group leader do
puts the group on a certain course
Name a factor that may influence supply
Natural disasters
Makayla wants to know if whether or not her customer can pay short term debts, what financial ratio analysis should Makayla use
Working Capital
What are two major sections of a statement in changes of stockholders equity
Capital Stock and Retained Earnings
Accounting software applications help facilitate a business ability to ____________
process payroll
How can employees contribute to the achievement of governance objectives
Provide feedback and improve objectives
What is an example of a capital good
A highway