Which of the following types of relationship exists when a person hires another person to perform some form of physical service but does not authorize that person to enter in to contracts on his or her behalf?
A) employer-employee relationship
B) employer-agent relationship
C) principal-third party relationship
D) principal-agent relationship
A
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Bondholders are external users of company's accounting information
a. True b. False Indicate whether the statement is true or false
The SEC was given the power to establish accounting principles including setting requirements for details shown on financial statements by the:
a. FASB b. AICPA c. Congress d. AAA
Product placement in television shows is becoming increasingly important due to
A. positive affiliations with highly popular celebrities. B. consumers' greater ability to screen advertisements. C. consumers' tendency to watch television over movies. D. more stringent regulations that limit television advertising. E. consumers' positive opinions toward product placement.
Which of the following will most directly influence a company's market value?
A) the state of the economy B) the book value of its assets C) the use of financial leverage D) its future cash flows