The ethical standards for certified public accountants only require that such accountants comply with applicable laws and regulations.
Answer the following statement true (T) or false (F)
False
The high ethical standards required by the profession state "a certified public accountant assumes an obligation of self-discipline above and beyond requirements of laws and regulations."
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Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5apply just to corporate "insiders."
Indicate whether the statement is true or false
Sales-oriented pricing objectives
A. may include market share targets as well as dollar or unit sales targets. B. can be used by nonprofit organizations as well as for-profit ones. C. are especially risky during times when a firm's costs are rising rapidly. D. might be achieved and still result in losses. E. All these answers are correct.
The function of the Small Business Administration is to:
A. protect consumers from undesirable effects of poorly produced products of small businesses. B. provide direct and guaranteed loans to small businesses. C. provide demographic information to small businesses. D. enforce pollution control standards for small businesses.
Which of the following is not a necessary condition for ratification?
A) The agent must have purported to act on behalf of or as an agent for the identified principal. B) The third party benefiting from the ratification must give consideration for the ratification. C) The principal must have been capable of authorizing the act both at the time of the act and at the time it was ratified. D) The principal must have full knowledge of all material facts.