If You Are a Professional Accountant Employed in a Firearms

question 1

Multiple Choice

If you are a professional accountant employed in a firearms manufacturing corporation and your boss tells you to open a corporate bank account in the Cayman Islands where secrecy is guaranteed, what are the likely purposes of that account?

• A)Payment of accounts payable
• B)Tax evasion
• C)Money laundering
• D)Deposits of funds from banned purchasers
• E)Payment of dividends

---

Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits lost by choosing one option over another.

Tractor

A tractor is a powerful motor vehicle designed for agricultural use, often used to pull farm equipment and haul goods.

Motorcycle

A two-wheeled vehicle powered by an engine, designed for individual or small-number passenger transport.

Terms of Trade

The ratio between a country's export prices and its import prices, influencing the balance of trade.