Employees of all transit carriers are covered under the Railway Labor Act
Indicate whether the statement is true or false
FALSE
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Which of the following factors is most suitable for determining when transfer of records should take place?
A. The value of the record B. The age of the record C. The frequency of the use of the record D. The size of the record
Bob, owner of a small business, goes to Sally to negotiate the purchase of some inventory. Bob
has Paul with him, who he introduces to Sally as "Paul, my purchasing manager". A short while later, Bob says he must leave and says, "You two can conclude this deal." Paul signs a contract to buy 2,500 units of her product. Paul tells Bob, and Bob then says, "You know you weren't supposed to buy more than 1,000 units!" Assume that Bob, in fact, had instructed Paul, prior to meeting with Sally, to not buy more than 1,000 units. Can Sally hold Bob to the contract? A) Yes, because there was apparent authority for the transaction. B) Yes, because there was implied authority for the transaction. C) No, but she can hold him to a purchase of 1,000 units. D) No, because Paul did not have authority to buy 2,500 units.
The SEC has a site named EDGAR that ________
A) provides, at a cost, on-line access to a company's financial reports B) offers investors free advice on what stocks to pick C) provides an on-line tutorial on how to understand the government's role in affecting stock prices D) provides an on-line tutorial that will help new viewers find a company and its financial statements
An accrued expense occurs when:
A. An expense is recorded at the same time as the cash payment. B. Cash payment (or an obligation to pay cash) occurs before the expense recognition. C. Cash is paid but an expense is never recorded. D. The expense is recognized before the payment of cash.