In the United States, the biggest issuers of securities are
A. households.
B. business firms.
C. governments.
D. financial intermediaries.
Answer: B
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Which of the following is a control problem related to segregation of duties?
a. Julie writes expense checks and Mark collects cash from customers. b. Bob order office supplies and deposits the company's checks. c. Steve records receivables and writes off bad debts. d. Rebecca records journal entries and orders lunch.
Benchmarking studies must have:
A) a direct competitor for comparison. B) a team composed of at least one member from each department in the organization. C) a team composed of at least one member from each department in the organization plus one customer of each process output. D) quantitative goals.
The personal umbrella policy covers some personal injuries. Which of the following is considered a personal injury?
A) bodily injury B) property damage C) defamation of character D) liability arising from professional services
A partnership may be designed to continue even if a partner dies or quits
a. True b. False Indicate whether the statement is true or false