Which of the following options describes the extent to which a trustee is believed to want to do good to the trustor, aside from an egocentric profit motive?
A. perceived ability
B. perceived integrity
C. perceived reciprocity
D. perceived benevolence
Answer: D
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Warren Manufacturing began business on January 1. During its first year of operation, Warren worked on five industrial jobs and reported the following information at year-end:
What was the balance in Finished Goods Inventory at year-end?
A) $35,000
B) $21,000
C) $44,500
D) $23,500
Both U.S. GAAP and IFRS require the disclosure, in the notes to the financial statements, of selected information about business segments
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. One of the factors to contribute to a successful spend analysis is the unavailability of accurate, timely, and detailed expenditure data. 2. A characteristic of strategic purchases is that they exploit full purchasing power. 3. Conglomerate is a category in classifying buyer–supplier relationships. 4. Transactional relationships are related to buy-and-sell exchanges of goods and services. 5. Collaborative relationships require early supplier involvement.
The purpose of separating powers among different branches of government is to prevent the centralization of power and abuse of citizens by government
a. True b. False