The Revised Model Business Corporations Act states that a director is entitled to rely on information and reports provided or prepared by ________
A) a committee of directors of which the director is a part, if the committee merits confidence
B) legal counsel or accountants in regard to matters that the director believes are within that professional's competence
C) officers of a competing corporation who, the director reasonably believes, are reliable and competent
D) employees of the Securities and Exchange Commission who are responsible for creating the proxy rules
B
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In the context of reengineering, which of the following is a difference between sequential interdependence and reciprocal interdependence?
a. comprehensive interdependence b. sequential interdependence c. pooled interdependence d. reciprocal interdependence e. none of the above
In EEOC v. Dial Corp, where Dial used a weight lifting test to see if people were qualified to do the work needed at a factory, and the EEOC said it discriminated against women, the appeals court held that:
a. such tests of strength are discriminatory against women, so are illegal as disparate impact b. such tests of strength are part of a bona fide occupational qualification, so are legal c. the test was used as a form of harassment toward women d. the test used here was a good predictor of ability to do the job, so it was legal e. none of the other choices
Sequoia, Inc. has given you the following information from its aging of Accounts Receivable. Using this information, determine the amount of the journal entry to record the estimated uncollectible accounts.
The current balance in Allowance for Doubtful Accounts is a $144 debit.
A) $1,468
B) $1,612
C) $1,756
D) $69,000
The total cost incurred by Stoudemire Inc is ________. (Hint: Use Solver)
A) $31,472 B) $13,472 C) $27,431 D) $43,127