An instrument is negotiable if it satisfies six standards. Which of the following is a standard of negotiability?
A)The instrument can be oral provided there is proof beyond a reasonable doubt.
B)The instrument must be signed by the payee.
C)The instrument must be conditional.
D)The instrument must state a definite sum of money.
D
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Which of the following statements concerning taxation is accurate?
A) Corporations pay federal income taxes but not state income taxes. B) Corporations pay federal and state income taxes. C) Only the owners must pay taxes on corporate income. D) Corporations pay income taxes but their owners do not.
_________ is the degree to which jobs are standardized within an organization, meaning the degree to which we have created policies, procedures, and rules that “program” the jobs of the employees.
A. Strategy B. Centralization C. Organizational culture D. Formalization E. Complexity
Under the common law, an offer can be revoked:
a. anytime the offeror wants before the contract is sealed b. only if allowed by a district court c. anytime the offeree wants d. anytime after acceptance e. none of the other choices are correct
Rushing River Boats has the following data in its Social Security tax payable General Ledger account:
For the entry on January 31, what does the J4 signify?
A) It is the fourth entry in the General Journal on that date.
B) The transaction appears on page four of the General Journal.
C) It is the fourth repetition of the same entry.
D) The account appears fourth in the list of liability accounts.