_____ Are Used to Obtain or Retain Business and Are

question 19

Multiple Choice

_____ are used to obtain or retain business and are not generally considered illegal in the United States.

• A)Facilitation payments
• B)Bribes
• C)Gifts
• D)Coercive techniques
• E)Threats

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Definitions:

Realized Gains

Profits that result from selling an asset at a higher price than its cost.

Other Comprehensive Income

Earnings that are not part of net income, consisting of items such as unrealized gains and losses on certain investments.

Retained Earnings

The portion of net income that is retained by the corporation instead of being paid out as dividends to shareholders.

Earnings Management

The practice of using accounting techniques to produce financial reports that may paint an overly positive picture of a company's business activities and financial position.