When income and wealth are rising, the demand for bonds rises and the demand curve shifts to the right
Indicate whether the statement is true or false
TRUE
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A jobber is a middleman who buys from manufacturers and sells to retailers
Indicate whether the statement is true or false
Esther and Salim are promoters for Kale Inc. Prior to its incorporation, Esther negotiated several preincorporation contracts with Ian, an investor. She signed each contract in the name of Kale Inc. Kale subsequently was incorporated, but the Kale Board of Directors refused to adopt the contracts. Ian later sues Kale, Esther, and Salim on the contracts. Which of the following statements is true of this case?
A. Kale, Esther, and Salim are liable as they are sued by Ian. B. Esther and Salim are liable as they are promoters of Kale Inc. C. Only Kale and Esther are liable as Esther, a promoter of Kale, negotiated several preincorporation contracts with Ian. D. Esther is solely liable as she signed each contract in the name of Kale Inc.
When the auditor used the audit procedure vouching she is primarily concerned with which of the following assertions?
a. Completeness. b. Existence. c. Authorization. d. Classification.
If you were thinking about a home theater system, which of the following represents the feedback?
A. The DVD player, DVD movie, speakers, TV, and electricity. B. Spinning the disk to play, pause, rewind, or fast forward. C. Playing the movie including the audio through the speakers and the video on the TV. D. A message stating that the disk is dirty and cannot be played.