An assignment:
a. is generally revocable if it is gratuitous and is either oral or written.
b. for consideration is irrevocable.
c. becomes valid when the obligor receives notice of the assignment.
d. must follow formalities.
b
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Which one of the following has the most affect on the reliability of financial statements?
a. The size of the client b. The industry of the client c. The client's internal control structure. d. The client's trend of earnings.
A personality trait defined as “any purposive activity that entails novelty or danger sufficient to create anxiety in most people” is called ______.
A. conscientiousness B. risk taking C. neuroticism D. agreeableness
Answer the following statement(s) true (T) or false (F)
1. Presenting carefully thought-out financial projections to investors is an exercise in lowering perceived risk in both you as an entrepreneur and your idea. 2. Shari discussed her income statement with you and described her report as reporting what the company owes, what it owns, and her shareholder stake at the last day of the prior month. This statement is an income statement. 3. Bill’s business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000. Bill’s gross profit is $69,000. 4. Bill’s business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000. Bill’s operating profit is $4,000. 5. Bill’s business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000. Bill’s gross profit is $80,000.
Which tool should be used to track the movement of a customer's complaint from one department to the next until it is resolved?
A) process map B) swim lane map C) entity map D) data flow map