A guaranty contract between the guarantor and the creditor need not be in writing or electronically recorded to be enforceable unless the main purpose exception applies
Indicate whether the statement is true or false
F
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Strong cultures have more influence on employees than do weak cultures.
Answer the following statement true (T) or false (F)
The present value of $100 received at the end of year 1, $200 received at the end of year 2, and $300 received at the end of year 3, assuming an opportunity cost of 13 percent is: (Round to the nearest whole dollar)
A) $453 B) $416 C) $1,181 D) $500
When the CEO confronts the CFO about the possibility that the payment that Bexhill received from Okoli was unethical, the CFO responds by saying that nothing about the transaction was illegal
Which of the following assumptions does this defense rest on? A) Nigerian laws differ from U.S. laws covering cases like these. B) U.S. laws pertain only to transactions between U.S. companies. C) Bexhill's business dealings are always approved by one or more executives. D) Okoli's executives had full knowledge of the transaction. E) Any activity that is legal is also ethical.
At December 31, 2021, a company has received, but not paid, its December utility bill for $250. The amount of utility expense for December 2021 equals $250.
Answer the following statement true (T) or false (F)