Half the Sky- Chapters 3 and 4

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NEW QUESTION 26
Which of the following is not a factor, with respect to pending litigation that must be considered in determining whether a provision should be recognized?

  • A. The number of parties involved in the litigation.
  • B. The time period in which the underlying cause of action occurred.
  • C. The probability of an unfavorable outcome.
  • D. The ability to make a reliable estimate of the amount of loss.

Answer: A

Explanation:
The number of parties involved in the litigation is irrelevant. For example, the same accounting treatment is applied whether a claim is brought by an individual or in a class action suit.

 

NEW QUESTION 27
Which of the following is true regarding an organization's relationship with external stakeholders?

  • A. There are several internationally recognized standards for dealing with financial donors.
  • B. Disclosure laws tend to be consistent from one jurisdiction to another.
  • C. Legal representation should be consulted before releasing internal audit information to other assurance
  • D. Specific guidance must be followed when interacting with nongovernmental organizations.

Answer: C

 

NEW QUESTION 28
Which of the following must be adjusted to index a progressive tax system to inflation?

  • A. Tax deductions, exemptions, and tax filings.
  • B. Tax brackets, tax deductions, and tax payments.
  • C. Tax brackets, exemptions, and nominal tax receipts.
  • D. Tax deductions, exemptions, and tax brackets.

Answer: D

Explanation:
Explanation

 

NEW QUESTION 29
When initiating international ventures, an organization should consider cultural dimensions in order to prevent misunderstandings. Which of the following does not represent a recognized cultural dimension in a work environment?

  • A. Power distance.
  • B. Masculinity versus femininity.
  • C. Uncertainty avoidance.
  • D. Self control.

Answer: D

 

NEW QUESTION 30
During which phase of the contracting process ere contracts drafted for a proposed business activity?

  • A. Initiation phase.
  • B. Management phase
  • C. Bidding phase
  • D. Development phase

Answer: A

 

NEW QUESTION 31
......

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