After the coronation of Edward VII was postponed and parties who had entered into contracts in anticipation of the event filed numerous suits, the doctrine of frustration of purpose evolved
a. True
b. False
Indicate whether the statement is true or false
True
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Using the future value table, a student found that the future value amount of $1 for 5 years at an annual interest rate of 10% is 1.611 . The student also observed that the future value of $1 for 5 years at 10% compounded semiannually is 1.629 . This means that
a. the more often the compounding, the higher the future value. b. the student was looking in the wrong column; the second amount should be 1.611/2. c. there was an error in the table. d. when interest is compounded semiannually, more money must be deposited to have a desired ending balance.
_____________, more commonly known as the cause-and-effect relationship, is a type of inductive reasoning.
a. Cognitive dissonance b. Causal reasoning c. Analogical reasoning d. Deductive reasoning
Omitting key letters in the work sheet would make which of the following difficult?
a. The preparation of the financial statements b. The preparation of the closing entries c. The preparation of the adjusting entries d. Crossfooting to the next set of columns
Which of the following is NOT a principle of organization?
a. coordination b. span of management c. creativity and innovation d. flexibility