1. Defendant Smith’s act helped cause an accident. The judge rules that Smith’s act wasn’t 
a proximate cause of the accident, however. Several other defendants are involved. The
plaintiff obtains a judgment for $10,000. Which of the following statements is correct?
A. The plaintiff can’t recover from Smith.
B. The plaintiff will recover that portion of the $10,000 from Smith equal to Smith’s 
percentage of responsibility for the accident.
C. Under the doctrine of joint and several liability, the plaintiff can make Smith pay 
the whole $10,000.
D. The judge made an error. Proximate cause is a legislative issue, not a matter 
for judges or juries to decide.
2. You’re seen running from a jewelry store that has just been robbed. The jeweler gives
chase and just as he catches up with you, you throw a bag into the river. The jeweler performs a citizen’s arrest and holds you until the police arrive. Because the bag in the river
was never found, at trial you’re declared “not guilty.” You sue the jeweler. What is the likely
outcome?
A. You lose. There’s no tort that protects people from being confined unfairly.
B. You win because there was no basis to suspect you of stealing.
C. You lose because your detention was reasonable. There was a real basis for 
suspecting you of the crime.
D. You lose. Shop owners can hold anyone they want if they suspect them of stealing.
3. A broker told you the size of the grass area of the yard of the house you bought was 6,000 square feet. However, the grass covered only 5,000 square feet. The lawn size meant nothing to
you; you didn’t want a big yard anyway because you hated mowing. You liked the house because it was near a mall and good schools. But after buying the house, you realized that the
floor plan was terrible and you wanted out. You sue the broker for misrepresentation concerning the yard.
A. You don’t win because the misrepresentation didn’t actually mislead you in a way that caused harm. The element of  causation of the harm was lacking.
B. You don’t win because the broker was only reckless in  coming up with that footage figure, and didn’t intentionally lie.
C. You win because brokers are agents and should be punished for any misrepresentation, even done in good faith.
D. You win because the misrepresentation was about something important
4. Your friend from Australia visits. You invite him to a hockey game. “What’s hockey, mate?”
he asks. Only a few minutes into the game he sees a hockey puck coming straight at him.
Your friend has had a few beers and fails to duck and is knocked unconscious. He sues
the hockey team. Which is the better defense for the team?
A. Assumption of risk
B. Contributory/comparative negligence
C. Sovereign immunity
D. Failure to mitigate

1. which of the following is accounted for as a change in accounting principle? 
A change in inventory valuation from average cost to FIFO
A change from the cash basis of accounting to the accrual basis of accounting
A change in the estimated useful life of plant assets
A change from expensing immaterial expenditures to deferring and amortizing them as they become material

2. A company decides to switch from double-declining balance method to that straight-line method of recording depreciation. What type of change/correction is this? 
Change in accounting principle
Change in reporting entity
Change in accounting estimate
Correction of an error

3. On December 31, 2013, Gifts Galore, Inc. appropriately changed its inventory valuation method from weighted-average cost to FIFO method for financial statement and income tax purposes. The change will result in a $3,600,000 increase in the beginning inventory at January 1, 2013. Assume a 35% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is 
$0.
$1,260,000.
$3,600,000.
$2,340,000.

4. As of January 1, 2011, Survival Industries, Inc. purchased a boat at a cost of $360,000.
When purchased, the company was using the double-declining depreciation method.
Key info on the asset at time of purchase is the following.
Estimated useful life is 6 years.
Residual Value is $0.
At the beginning of 2014, the CFO decided to change to straight-line depreciation method.
Compute the depreciation expense for 2014. 
$35,556
$10,667
$60,000
$120,000

5.  Mystical Corporation found the following errors in their year-end financial statements.
As of Dec. 2012 As of Dec. 2013
Ending Inventory $32,000 understated $46,000 overstated
Depreciation Exp. $7,000 understated
On December 31, 2013, a fully depreciated machine was sold for $35,000 but the sale was not recorded until January 15, 2014 when the cash was received. In 2012, a three-year insurance premium was prepaid for $45,000 of which the entire amount was expensed in the first year.
There were no other errors or corrections. Ignore any tax considerations.

What is the total net effect of errors on Mystical’s 2013 net income? 
Retained earnings understated by $29,000
Retained earnings understated by $4,000
Retained earnings understated by $-3,000
Retained earnings overstated by $18,000

6.  Current GAAP requires that time period(s) should be used when recording a change in accounting estimate

 

current and retrospectively.
current and prospectively.
current only.
retrospectively only.

7.  As of January 1, 2011, Survival Industries, Inc. purchased a boat at a cost of $400,000.
When purchased, the company was using the double-declining depreciation method.
Key info on the asset at time of purchase is the following.
Estimated useful life is 8 years.
Residual Value is $0.
At the beginning of 2014, the CFO decided to change to straight-line depreciation method.
Compute the depreciation expense for 2014.

 

 

$50,000
$80,750
$33,750
$16,875

 

8.  Mystical Corporation found the following errors in their year-end financial statements.
As of Dec. 2012 As of Dec. 2013
Ending Inventory $32,000 understated $46,000 overstated
Depreciation Exp. $7,000 understated
On December 31, 2013, a fully depreciated machine was sold for $35,000 but the sale was not recorded until January 15, 2014 when the cash was received. In 2012, a three-year insurance premium was prepaid for $45,000, of which the entire amount was expensed in the first year.
There were no other errors or corrections. Ignore any tax considerations.
What is the total net effect of errors on Mystical’s 2013 net income?

 

Net income understated by $39,000
Net income overstated by $32,000
Net income overstated by $51,000
Net income overstated by $58,000

 

 

 

Subject Intro to Computers.

 

 

1.A business has just hired you as IT consultant. They are interested in cloud computing to provide supplementary computing power during the Christmas shopping season when deemed for their online products skyrockets. Which type of cloud computing would be ideal for them ?

 

a.network as a service

 

b.platform as a service

 

c.infrastructure as a service

 

d.software as a service

 

 2.Your brother wants to purchase a copy of the Microsoft Office Suite and he must have access . Which version does he need to purchase ?

 

a.Home and Business edition

 

b.Professional edition

 

c.Home and Student edition

 

d.Ultimate

 

 3.Your boss would like to make a diagram of the HR structure of your organization.He wants to know what application you would recommend.What Microsoft office suite application do you suggest to him ?

 

a.Project

 

b.Visio

 

c.Access

 

d.EverNote.

 

4.You are the network administrator of a network called Acme.com. The network consists of a single domain controller and it has gone down. What is a consequence of this ?

 

a.Domain names cannot be resolved into IP addresses

 

b.Mac addresses cannot be resolved into IP addresses

 

c.Users cannot authenticate to the domain

 

d.Client computers cannot obtain dynamic IP addresses

 

 

 

5.You recently purchased a domain name and just uploaded your new website to a web hosting company. What do you need to do next so that people can see your website by typing your domain name into a browser ?

 

a.Upload your domain name to the web server using FTP

 

b.Point your domain name at the IP address of the web server

 

c.Convert your website from HTML to a CSV file

 

 d.Advertise your domain name on Google Ads.

1) Which of the following is true?
A. The maker of a note does not have priXXXXX XXXXXability upon signing the note, nor does the drawer of a check upon signing the check.
B. The maker of a note has priXXXXX XXXXXability upon signing the note, and the drawee of a check has priXXXXX XXXXXability upon the drawer’s signing of the check.
C. The maker of a note has priXXXXX XXXXXability upon signing a note, but the drawer of a check does not have priXXXXX XXXXXability upon signing the check.
D. The maker of a note has priXXXXX XXXXXability upon signing the note and the drawer of a check has priXXXXX XXXXXability upon signing the check.
E. The drawer of check has priXXXXX XXXXXability upon signing the check, but the maker of a note does not have priXXXXX XXXXXability upon signing the note.

2) Alan guarantees Visa that he will pay for his daughter Florence’s debt with Visa. If Alan fails to pay Visa, who is liable for Florence’s debt?
A. Neither Alan nor Florence is liable to Visa.
B. Florence is primarily liable to Visa, as she was the party who used the credit in the first place.
C. Alan is primarily liable to Visa, the accommodation maker.
D. Both Alan and Florence are primarily liable to Visa for Florence’s debt.

3) In order for a security interest to give the secured party protection against the claims of other creditors of the debtor, the security interest must:
A. Entitle the creditor to possession.
B. Attach to the subject matter.
C. Terminate the debtor’s interest.
D. Become perfected.

4) Which of the following is true about the distinction between secured and unsecured credit?
A. Secured debt results from a judgment of the court, whereas unsecured debt results from the agreement of the parties.
B. Secured debt will be collected over more than 1 year, whereas unsecured debt is expected to be collected within 1 year.
C. Secured debt is debt that has already been paid, and unsecured has not yet been paid.
D. Secured debt is expected to be collected, whereas collection of unsecured debt is doubtful.
E. Secured debt has collateral associated with it, whereas unsecured debt has no associated collateral.

Dress code approach is something which nobody likes inside an association and you would get restrict from individuals. Be that as it may, in the event that we think briefly in a college it prefigures well and we have to consider the impression a uniform makes.

Following steps below are important to pick up collaboration from outsider

1. Ask: Why? This ought to be done in an exceptionally respectful way so ought to be extremely watchful that you don’t steam somebody’s brain amid it.

2. Listen to their reactions and recognize them.

3. Never contend with their reasons; contend with the certainties.

How about we expect a circumstance in where cops did not have a uniform how might we regard them and how might we recognize them from open. So college is such sort of spot where individuals are judged, perceived and regarded taking into account their work and appearance also. In this way, it is vital from them to have the uniform. In addition, it is likewise truly critical that individuals have recognized life the staff part and employee. It is simple for understudies to approach a specific part by simply investigating their garbs, so if an understudy has any inquiries relating to the subject, then he can without much of a stretch recognize and approach workforce. Despite what might be expected if the understudy has an inquiry identified with administrative or office work then he will be effortlessly ready to decide staff individuals and methodology them for inquiries identified with it. So t turns out to be vital to have separate dresses for staff and personnel.

 

 

Reference:

Nancy Hudgines, (2011). Gaining Cooperation in Negotiation Retrieved form

http://www.mediate.com/articles/HudginsNbl20110418.cfm