The Red Cross and the United Way organizations are examples of:
a. master limited partnerships
b. nonprofit corporations
c. S-corporations
d. cooperatives
e. limited liability companies
b. nonprofit corporations
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Which of the following is correct relating to service organization control (SOC) reports referred to as "SOC 2" reports?
A. They are generally available to anyone. B. They relate most directly to internal control over financial reporting. C. They are primarily to assist financial statement auditors when processing services have been outsourced to a service provider. D. They are meant for management of service organizations, user entities, and certain other specified entities.
Receiving customer feedback is advantageous because it can indicate communication problems.
Answer the following statement true (T) or false (F)
An express ratification takes place when the principal behaves as if she has the intention of ratifying an unauthorized agreement
a. True b. False Indicate whether the statement is true or false
Software designed to support the payroll function would best be classified as:
A) application software. B) system software. C) design software. D) analysis software. E) a decision support system.