Sample_Exam_08

Sample_Exam_08 - Sample Exam Part I. Multiple Choice (3 pts...

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Sample Exam Part I. Multiple Choice (3 pts each) ____1. We learned in class that investors would like ready-made present value information as a basis for their investment decisions. Which of the following reasons does not explain why accountants are reluctant to provide investors with such information? a. Such information is subjective. b. There is no single time preference rate that is truly representative. c. The information ignores the notion of compound interest. d. People have different tolerances for risk. ____2. Identifying those features of an investment alternative that are directly related to a decision-maker’s felt need is called the: a. objective function. b. decision constraint. c. decision rule. d. choice criterion. ____3. Accounting plays an important role in society. That role is to: a. prepare balance sheets. b. record business transactions in terms of debits and credits. c.
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This note was uploaded on 05/24/2008 for the course ACC 203 taught by Professor Choi during the Spring '08 term at NYU.

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Sample_Exam_08 - Sample Exam Part I. Multiple Choice (3 pts...

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