Initial public offerings (IPOs) tend to occur more frequently during bullish stock markets
a. True
b. False
a
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A crisis management plan should
A) define operational procedures and outline communication tasks and responsibilities. B) make provisions for concealing operational issues from the news media. C) avoid limitations on who is authorized to speak on behalf of the company. D) never include contact information for key executives and personnel. E) be built based on small business standards.
Which of the accounting steps in the accounting process below would be completed last?
A) preparing the adjusted trial balance B) posting C) preparing the financial statements D) journalizing
Fay, age 17, ordered a pair of skis on the installment plan. She paid $20 every month until she turned 18, the age of majority. The next day, she sold the skis to Sharon and disaffirmed the contract. Fay is:
a. still liable since she had to disaffirm before her 18th birthday. b. still liable because selling the skis amounted to a ratification. c. still liable because she used the skis. d. not liable because skis are not necessaries.
Which of the following corporate characteristics is a disadvantage of a corporation?
A) Stockholders have limited liability. B) A corporation has a continuous life. C) There is no mutual agency between the stockholders and the corporation. D) Earnings of a corporation may be subject to double taxation.