Which of the Following Statements Regarding Interpreters Is FALSE

question 33

Multiple Choice

Which of the following statements regarding interpreters is FALSE?

• A)The interpreter's role is to provide a simultaneous translation of a foreign language while a person is speaking.
• B)Good interpreters have the technical knowledge and vocabulary to deal with such details common in business transactions.
• C)Interpreters are not needed if some of the negotiators can understand both languages.
• D)All of the above are true.

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Definitions:

Minimum Lease Payments

The lowest amount that a lessee is expected to pay over the lease term, as specified in a lease agreement.

Leased Asset's Fair Value

The estimated market value of an asset under lease, which should represent what the asset would sell for in an arm's length transaction.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

Type I And Type II

Commonly refers to errors in hypothesis testing: Type I error is rejecting a true null hypothesis, while Type II error is failing to reject a false null hypothesis.