Owners of limited liability companies enjoy flow-through treatment of income and losses
Indicate whether the statement is true or false
True
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Which one of the following is a sound internal control procedure for cash disbursements?
a. Making copies of purchase orders for the receiving department so they know how many items to be expected upon delivery b. Using presigned checks to facilitate payment within the cash discount period c. Comparing purchase requisitions, purchase orders, receiving reports, and invoices d. Requiring the signature of the purchasing department supervisor on checks
Which of the following is the most accurate statement about the executive summary?
A) An executive summary is written for specialists or technical readers. B) An executive summary is generally shorter than an abstract. C) The content of an executive summary should be more technically oriented than an abstract. D) A formal proposal may contain both an executive summary and an abstract.
The title page of a formal proposal should include ________
A) the name of the client organization B) the RFP number or other announcement C) the title of the proposal D) all of these choices
The Landrum-Griffin Act establishes a ___________________ responsibility of unions by requiring that they submit financial information to the Department of Labor.
Fill in the blank(s) with the appropriate word(s).