In order to be legally effective to transfer title, a gift must meet all of the following requirements

except:

A) Acceptance of the gift by the donee.
B) Consideration on the part of the donee.
C) Present intent by the donor to make the gift.
D) Delivery of the subject matter to the donee.


B

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The first general standard of the PCAOB requires that an audit be performed by which type of person?

a. An auditor with seasoned judgment in varying degrees of supervision and review. b. An auditor with appropriate technical training and proficiency. c. An auditor with adequate knowledge of the standards of field work and reporting. d. An auditor satisfying the independence standards.

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When denying a request directly, taking a(n) direct approach, however, is more likely to enhance a professional relationship. _________________________

Answer the following statement true (T) or false (F)

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Airfreight generally increases both transporting cost and the total cost of distribution because it tends to add to inventory costs, spoilage, theft, and damage.

Answer the following statement true (T) or false (F)

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Nyoko signs a covenant not to compete with her employer, Midstate Distribu-tion, Inc The covenant will be enforced if it A) does not require either party to obtain a business license

B) is reasonable with respect to geographic area and time. C) relieves Midstate from liability for any injury to Nyoko due to simple negligence. D) none of the choices.

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