Assuming BCC Uses the Percentage-Of-Completion Method of Recognition the Gross

question 140

Multiple Choice

Assuming BCC uses the percentage-of-completion method of recognition the gross profit recognized in 2009 would be (rounded to the nearest thousand) :

• A)$ 6,000.
• B)$39,000.
• C)$42,000.
• D)$45,000.2009: Total profit = $450,000 ($180,000 + 195,000) = $75,000 33,159 = $41,841 or $42,000 rounded.

Define white-collar crimes and distinguish them from other crimes.

Understand the principles and applications of the Sarbanes-Oxley Act and other laws concerning document destruction and corporate fraud.

Understand the concept of functional (constructive) conflict and its benefits.

Recognize the causes and development stages of conflict.

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Definitions:

Positive Punishment

An operant conditioning principle where the addition of a stimulus after a behavior makes the behavior less likely to happen in the future.

Wearing Skirts

The act of dressing in skirts, which are garments fastened around the waist and hanging down around the legs.

Observational Learning

The process of acquiring new behaviors or information by watching and imitating others.

Operant Conditioning

A learning process whereby behaviors are influenced by the consequences that follow them, such as rewards or punishments.