In U.S. v. King, where King was accused of bribing officials of a foreign government, the court held that King was not personally liable as he acted on behalf of a company. The company could be liable for breaking the Foreign Corrupt Practices Act
a. True
b. False
Indicate whether the statement is true or false
False
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Corporate annual reports typically do not contain
a. management discussion and analysis b. an SEC statement expressing an opinion c. accompanying notes d. an auditor's report
Farmer Fred is leasing pasture land from Wealthy Warren. Farmer Fred is working the soil to turn the pasture land into land that will be able to grow crops. As Farmer Fred is preparing the field, he discovers a treasure chest full of gold and silver coins. The coins are all dated before 1810. A finder of treasure trove under common law,
A. is entitled to keep the treasure trove. B. is required to turn the property over to the owner. Here, under common law, Farmer Fred is required to turn the treasure trove over to Wealthy Warren. C. is required to turn the treasure trove over to the State. D. is required to turn the treasure trove over to the federal government who will give the treasure trove to the closest Native American reservation.
In a descriptive model, the manager first wants to build a model that reflects the current situation
a. True b. False Indicate whether the statement is true or false
Uptown Bank provides lockbox services. They estimate that you can reduce your average mail time by 2.2 days and your combined clearing and processing time by .75 days by implementing their system. Your firm receives 65 checks a day with an average value of $298 each. The current T-Bill rate is .01 percent per day. Assume a 365-day year. The bank will charge your firm $.15 per check. What is the annual net savings from installing this system?
A) $1,215.84 B) ?$1,022.15 C) $548.32 D) ?$1,473.09 E) $718.28