Pre-established damages agreed to in a contract are known as liquidated damages
Indicate whether the statement is true or false
TRUE
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What are the two topics that attestation standards provide guidance on?
a. They provide a plan for the engagement and criteria about who can participate in the engagement. b. They provide guidance about gathering evidence regarding specific assertions and communicate an opinion on the fairness of the presentation to a third party. c. They provide sufficient assurance on subject matter and appropriate assurance about reporting. d. They provide guidance on reviewing evidence and compiling evidence.
Reductions in birth rates are occurring worldwide because
A. governments are supporting alternatives to marriage. B. governments are scaling back family planning programs. C. of declining levels of health and education in many nations. D. of a reduced level of urbanization. E. women are gaining an enhanced status.
Which of the following situations is most likely to pose a problem for companies that use return on investment (ROI) as a measure of a manager's performance?
A) Managers may be encouraged to purchase more operating assets than they otherwise should. B) Managers may be discouraged from purchasing operating assets that could improve overall profitability. C) Managers may be discouraged from reducing their division's costs. D) Managers may be discouraged from paying off debt in order to reduce interest costs.
An investor who invests money into your business in exchange for equity receives ________.
A. a monthly dividend out of the business profits B. liability for any debt the business incurs C. a share of ownership of the business D. annual dividends