Mohammad was an employee in the new product development department of Estay Inc Mohammad was directly involved in the development of a new product that Estay intended to launch in 6 months. Estay took great care to keep information concerning the new product a secret. Ceries, Inc, a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which statement is
correct?
a. Mohammad can share with Ceries the confidential information he knows about Estay's new product because he was directly involved in its development.
b. Mohammad can share with Ceries the confidential information he knows about Estay's new product because his agency relationship with Estay is terminated.
c. Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because of the equal dignities rule.
d. Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because he has a duty not to disclose confidential information he acquired during the agency.
d
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What will be an ideal response?
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A) gifts from contractors. B) exaggerated expense reports. C) compromised quality standards to meet bonuses or avoid penalties related to schedules. D) pressure to mask delays with false status reports. E) all of the above.
At the end of the day on March 15, the cash register's record shows $1,957, but the count of cash in the register is $1,965. Prepare the general journal entry to record the day's cash sales.
What will be an ideal response?
Which of the following statements concerning sales taxes is false?
A. Sales taxes are collected by the seller when the sale is made. B. Sales taxes apply to the purchase of most types of consumer services. C. Sales taxes imposed on the purchaser of retail items are consumption taxes. D. Sales taxes apply to the purchase of most types of consumer goods.