Which of the following statements is not a barrier to communication?

a. Knowing your purpose.
b. Differing interpretations.
c. Using familiar words.
d. Missing the meaning.

A

Business

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Profits are down so the controller decides to change the corporation's accounting policy relating to

inventory costing. The change will allow the corporation to report higher income and higher assets, although the physical inventory has not changed. Which of the following statements is MOST correct? A) The stock price is likely to increase because income is higher. B) The stock price is likely to be unaffected because the stock market is efficient. C) If the stock price increases, the stock market is efficient. D) The stock price is likely to decrease because reported inventory is higher.

Business

Willy Dye goes applies for life insurance. The agent takes Willy's application and his first premium payment, and issues Willy a conditional receipt for the payment. The next day Willy is run over by a sewage truck and killed

An autopsy shows that Willy was in excellent physical condition, and would thus have been issued an insurance policy had he lived. What will the insurer do? A) Pay Willy's beneficiary the full death benefit because coverage existed from the date the receipt was issued B) Not pay Willy's beneficiary because he died before the policy could actually be issued C) Not pay Willy's beneficiary because a conditional receipt does not take effect until after the underwriting process is completed D) Pay the beneficiary an amount equal to the premiums Willy paid for the policy

Business