A major problem for most managers today is having too little information.
Answer the following statement true (T) or false (F)
False
A significant problem for most managers today is not having too little information but having too much. They frequently see interesting information that has no relevance to the immediate problem.
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Which of the following statements is NOT correct?
a. The voucher system is used to improve control over cash disbursements. b. The sum of the paid vouchers represents the voucher payable liability of the firm. c. The voucher system permits the firm to consolidate payments of several invoices on one voucher. d. Many firms replace accounts payable with a voucher payable system.
Sensitivity analysis is
a. an appropriate response to uncertainty in cash flow projections. b. useful in measuring the variance of the Fisher rate. c. typically conducted in the post investment audit. d. useful to compare projects requiring vastly different levels of initial investment.
Supervening illegality of the object of a contract occurs in which of the following circumstances?
A) The offeror had an honest and reasonable belief that the object of the contract was legal when the offer was made, but later learned that the offer was illegal. B) The object of the contract is illegal to be performed by the offeree, but could be legally performed by a different party. C) The object of the contract is illegal where made, but would be legal in another location. D) The illegality existed when the offer was made. E) The object of the contract was legal when the offer was made, but has subsequently become illegal.
Sharp Finance Company has furnished Keith with some pre-printed forms for customers to sign to finance repairs on their homes. After the customers sign the notes naming Keith as the payee, he sells them to Sharp Finance. Sometimes Keith is busy and does
a poor job on the homes so he can get on to the next job. When customers complain, he says he'll get around to fixing the problems. If the customers don't pay the note, Sharp Finance sues them. Can the customers use the defenses they have against Keith against Sharp? Explain.