Using a Hands-Free Headset While Driving Is

question 30

Multiple Choice

Using a hands-free headset while driving is:

• A) similar to using a cell phone.
• B) similar to having a conversation with a passenger.
• C) safer than using a cell phone.
• D) safer than having a conversation with a passenger.

---

Definitions:

Cost Method

An accounting method used to value an investment, based on the cost to acquire it plus any additional investments or deducting any reductions.

Impairment Loss

A reduction in the book value of an asset when its market value falls below its carrying amount on the balance sheet.

Straight Line Amortization

An approach to systematically allocate the cost of an intangible asset throughout its period of usefulness.

Fair Value Enterprise

An approach to valuing a company based on the current price at which its assets or services could be sold or settled between knowledgeable, willing parties in an arm's length transaction.