The purpose of ____ control goals is to ensure that all resources used throughout the business process are being employed in the most productive manner.
A. efficiency
B. effectiveness
C. security
D. input
Answer: A
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All of the following are difficulties encountered in determining fair values except:
a. the need to make assumptions about the effect of technological and other improvements when using the prices of new assets currently available on the market in the valuation process b. the need to identify comparable assets currently available in the market to value assets in place c. the absence of U.S. GAAP and IFRS standards related to reporting long-lived assets d. the absence of active markets for many used fixed assets, particularly those specific to a particular firm's needs
In an agency by ratification, the agent is relieved of any liability for misrepresentation.
Answer the following statement true (T) or false (F)
The Federal Trade Commission (FTC) does not require the registration of the disclosure document with the FTC prior to its use
Indicate whether the statement is true or false
Nikkiand Orlandoare limited partners in Port City Exports, a lim¬ited part¬ner¬ship. To avoid personal liability for partnership obligations, they must not
a. acquire an interest in the firm. b. contribute property to the firm. c. engage in activities independent of the firm's business. d. participate in the firm's management.