Its ability to raise capital by selling stock makes the corporation the best form of organization in
terms of raising capital.
Indicate whether the statement is true or false
TRUE
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Risks of sampling in tests of controls Define the following terms as they relate to sampling for tests of controls: 1 . tolerable failure rate 2 . expected failure rate
Which of the following statements about a code of ethics is most true?
a. A code of ethics is rarely a written document but instead an informal understanding between people who work for a particular organization. b. Most codes of ethics offer guidance on how to treat stakeholders. c. The purpose of a code of ethics is to keep top management out of jail. d. Codes of ethics typically prohibit bribes unless it is the accepted way of doing business in a foreign country. e. Workforce diversity is not covered in a code of ethics; instead it is usually covered in a separate diversity code.
EU policies
A. affect global business, even if the EU is not directly involved. B. only affect trade with the EU. C. are optional for most globally traded goods. D. have little impact on global trade.
Any lawsuit against the business or its employees does not lead to unlimited personal liability for the owner of a sole proprietorship
Indicate whether the statement is true or false