Lucy applies for the position of ambulance medic. To give her a job simulation screening test, the interviewer
a. asks her to say the alphabet backwards in three minutes.
b. has her stop the bleeding of an accident victim.
c. interviews her in an ambulance.
d. interviews her in an operating room.
Answer: b. has her stop the bleeding of an accident victim.
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Method of accounting for investment holdings of 20 percent or more (investments in which the investor and the investee acknowledge a substantive economic relationship). The investor records the investment at cost but adjusts the amount each period for changes in the investee's net assets. That is, the investor's proportionate share of the earnings (losses) of the investee periodically increase (decrease) the investment's carrying value. All dividends received by the investor from the investee decrease the investment's carrying amount.
(a) underlying (b) forward contract (c) controlling interest (d) equity method
A broker showed African American prospective buyers homes in African American and racially mixed neighborhoods. He would show African Amer- ican prospects homes in predominantly Caucasian areas only if the prospects specifically requested to see homes in those areas. The broker's action would described as
a. illegal. b. unethical. c. steering. d. all of these.