Jessup and Lange are having a dispute regarding some property. They want to have a binding resolution to their dispute, but they would prefer to have the dispute handled privately and by someone with special expertise. The best form of dispute resolution for their problem would be:
a. litigation.
b. arbitration.
c. mediation.
d. a summary jury trial.
b
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Answer the following statements true (T) or false (F)
1. Because of the risk of fraud, electronic invoices and electronic receiving reports are seldom used in accounting information systems. 2. In an accounting information system, outputs are the reports used for decision making, which include the financial statements. 3. In a manual accounting information system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint. 4. The main computer where data are stored, which can be accessed from many different computers, is known as software. 5. A computerized system uses software to process transactions. Thus employees are no longer required to manually journalize and post transactions to the accounts.
The future value of a cash flow is always larger than the present value of that cash flow
Indicate whether the statement is true or false
Expenses to promote sales by displaying and advertising merchandise, make sales, and deliver goods to customers are known as:
A. General and administrative expenses. B. Selling expenses. C. Non-operating activities. D. Purchasing expenses. E. Cost of goods sold.
Which of the following statements is FALSE concerning sentence and paragraph length in business writing?
a. A two-word sentence is acceptable, as is a 60-word sentence, as long as the message is clear. b. While compound sentences should be used along with simple sentences, complex sentences should be avoided in business writing. c. The first and last paragraphs are typically shorter than other paragraphs. d. Paragraphs in business letters, memos, and e-mail messages are typically shorter than paragraphs in business reports.