Jade Puts Up a Collection of Sports Memorabilia for Bids

question 60

Multiple Choice

Jade puts up a collection of sports memorabilia for bids on BuyBay, an Internet auction site. Khalil makes the highest bid and sends the payment, which Jade receives, but she does not send the collection. This is

• A) no crime.
• B) identity theft.
• C) phishing.
• D) cyber fraud.

Grasp the basics of accounting transactions and their requirements for recording.

Know the role and structure of the chart of accounts in organizing financial information.

Understand the importance and process of trial balances in the accounting cycle.

Differentiate between various adjustments and their implications for financial statements.

---

Definitions:

Zeitgeist Theory

A theory that suggests that the dominant set of ideas, beliefs, and cultural trends of an era shape the sociological and cultural context.

Fielder's Contingency Model

A leadership theory proposing that effective leadership depends on the match between a leader's style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Leadership Substitute Theory

A theory suggesting that certain characteristics of the task, subordinates, or organization can substitute for leadership, thus diminishing the leader’s importance.

Possible Death

A term indicating the likelihood or potential for loss of life under certain circumstances or conditions.