Organizational security policies identify what needs to be done

Indicate whether the statement is true or false.


T

Business

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Alma was suffering from a terminal disease. Because she distrusted attorneys, she wrote a statement in her own handwriting, labeling it "My Last Will and Testament." The statement contained a provision specifying that Alma wanted all of her property to go to her church upon her death. She signed the statement and stored it in her jewelry box, and she told her friend Willa of its location. When Alma died, Willa produced Alma's statement. Willa is now attempting to have the statement admitted to probate as Alma's will. Alma's grown children claim that Alma died intestate and that they should inherit her property. In this scenario, ________.

A. Alma's will is void and Willa will inherit her property B. the will may be declared void and the property will go to the state C. Alma's children and the church will split Alma's property because Alma's will is nuncupative D. the church will inherit Alma's property if Alma's state recognizes holographic wills

Business

Prevention costs include ______.

a. costs incurred to prevent defects and errors from occurring before manufacturing the product or delivering the service b. costs of inspecting employees after they have manufactured a product c. costs of managing product returns d. liability resulting from product defects

Business

A sole proprietorship was formed on January 1, Year 1, when it received $90,000 cash from Kaitlyn Conrad, the owner. During Year 1, the business earned $138,000 in cash revenues and paid $102,400 in cash expenses. Conrad withdrew $16,000 in cash during the year. Required: Prepare an income statement, capital statement, and balance sheet.

What will be an ideal response?

Business

A seller who has two outstanding counteroffers risks multiple acceptances

Indicate whether the statement is true or false

Business