The duty of loyalty requires directors and officers to subordinate their personal interests to those of the corporation and its shareholders.
Answer the following statement true (T) or false (F)
True
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In a job-order costing system,
a. standards cannot be used. b. an average cost per unit within a job cannot be computed. c. costs are accumulated by departments and averaged among all jobs. d. overhead is typically assigned to jobs on the basis of some cost driver.
Looking at the levels within the organizational behavior model, what is considered the foundation and why?
What will be an ideal response?
There are no defenses available for strict liability; it is imposed absolutely
a. True b. False Indicate whether the statement is true or false
When a third party, based on all of its transactions with the enterprise, acts as if it were doing business with a corporation, the third party is prevented from claiming that the enterprise is not a corporation because a(n) __________ has been formed
a. partnership by estoppel b. corporation de facto c. corporation de jure d. corporation by estoppel