On Which of the Following Web Sites Should You Question

question 13

Multiple Choice

On which of the following Web sites should you question the accuracy of the information provided?

• A) The Internal Revenue Service's Web site lists current tax rates and rules used for tax planning.
• B) The Securities and Exchange Commission's Web site explains new regulations for stockbrokers.
• C) A major bank's Web site lists new rules used for retirement plans.
• D) An online blog posts articles written by many individual investors.

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Definitions:

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs associated with sustaining the activity.

Total Losses

The sum of all expenses, debts, or damages that exceed gains and revenues.

Assets Test

A measure used to determine a company's financial stability by comparing its liquid assets against its liabilities.

Operating Segment

A part of a company that participates in commercial operations, generating income and bearing costs, which encompasses transactions and financial activities with other sectors of the same company.