1. Select two categories of records that are exempt from public disclosure under the Freedom of Information Act.

a. Environmental impact statements
b. National security documents
c. Documents with confidential information
d. Documents written by past presidents
e. Bills that were rejected in congressional committees

2. The Government in the Sunshine Act all agency meetings to be to the public unless they meet certain criteria. If a person is going to be , if agency action would be frustrated, or if the meeting involves litigation or rulemaking, then the meeting may be .
3. Which law requires the government to reassess the impact on business and continue to look for less burdensome means of achieving a governmental goal?

a. Government in the Sunshine Act
b. Freedom of Information Act
c. Regulatory Flexibility Act
d. Small Business Regulatory Enforcement Fairness Act

4. The Regulatory Flexibility Act relieved small businesses of certain record-keeping requirements under agency rules and federal statutes.
True or False?
5. The Small Business Regulatory Enforcement Fairness Act gives Congress days to review new federal regulations to be sure that they do not unduly burden small businesses.
True or False?

Select the word from the list that best fits the definition sometimes

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst