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NEW QUESTION: 1
In the Data Modeler's Association List what does a red star next to the association indicate?
A. The association is used in a smart section.
B. The association is a dependent association.
C. The association is referenced by a locator field.
D. The association is referenced by a required field.
Answer: B
NEW QUESTION: 2
An auditor's program to examine long-term debt should include steps that require:
A. Inspecting the accounts payable subsidiary ledger.
B. Verifying the existence of the bondholders.
C. Examining bond trust indentures.
D. Investigating credits to the bond interest income account.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Examination of bond trust indentures should be included in audit program of long-
term debt to assure that the client was not in violation of any covenants in the indentures. Choice "B" is
incorrect. Inspecting the accounts payable subsidiary ledger relates to accounts payable, a current
liability.
Choice "C" is incorrect. Long-term debt generates interest expense, not interest income.
Choice "D" is incorrect. Generally, the existence of the bondholders of debt is not verified.
NEW QUESTION: 3
Sir Giles's irritating reserve, not even excused by a word of apology, reached the limits of his endurance.
He respectfully protested. "I regret to find, sir," he said, "that I have lost my place in my employer's
estimation. The man to whom you confide the superintendence of your clerks and the transaction of your
business has, I venture to think, some claim (under the present circumstances) to be trusted." The banker
was now offended on his side.
"I readily admit your claim," he answered, "when you are sitting at your desk in my office. But, even in
these days of strikes, co-operations, and bank holidays, an employer has one privilege left--he has not
ceased to be a Man, and he has not forfeited a man's right to keep his own secrets. I fail to see anything in
my conduct which has given you just reason to complain." Dennis, rebuked, made his bow in silence, and
withdrew.
Did these acts of humility mean that he submitted? They meant exactly the contrary. He had made up his
mind that Sir Giles Mountjoy's motives should, sooner or later, cease to be mysteries to Sir Giles
Mountjoy's clerk.
Which selection best describes the overall feeling expressed by Sir Giles in 2nd paragraph?
A. He appreciates that as a valued employee, Dennis has a right to question his employer.
B. He is appalled that Dennis would even question him because he is not behind his desk at work.
C. Because of the right to strike, Dennis is perfectly justified in his query.
D. He is very upset that business is not run as it used to be what with all the changes to appease the
employee such as the right to strike, form unions, and have holidays from work.
E. Just because the employer/employee relationship has deteriorated due to employee rights, an
employee still does not have the right to know all that is in an employers mind even if it doesn't have to do
with work specifically.
Answer: D
Explanation:
Explanation/Reference:
It is clear that as a business owner, Sir Giles is not pleased with the current state of affairs as it relates to
all of the concessions yielded by employers to employees. Employees now have the right to strike, form
unions, and they are given holidays from work, clearly felt by Sir Giles to be the early stages of the
absolute decline of commerce as it was once known.
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