What Do MOST High School and College Students Say About

question 111

Multiple Choice

What do MOST high school and college students say about cheating?

• A)Most say they think it is wrong, but over 75% admit to cheating themselves.
• B)Most say they think it is wrong, and only 10% admit to cheating themselves.
• C)Most say they think it okay in some situations, and over 75% admit to cheating themselves.
• D)Most say they think it okay in some situations, but only 10% admit to cheating themselves.

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Definitions:

Liability Account

A liability account is a financial reporting account that is used to record obligations or debts that a company owes to others, such as loans, accounts payable, or mortgages.

Noninterest-Bearing Notes

These are promissory notes issued at a discount to face value that do not pay periodic interest, with the return to the investor being the difference between the purchase price and the face value at maturity.

Discounted Note

A promissory note whose face value has been reduced to reflect the effect of interest that it will earn.