Richard received his credit card bill and noticed an error. He wrote to the company the next week, pointing out the error in his bill. Under the law, what is the credit card's obligation once it receives Richard's letter?
Under the Fair Credit Billing Act, the company must acknowledge receipt of the letter within 30 days. Within two billing cycles (but not longer than 90 days) it must investigate the complaint and respond.
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If technology changes rapidly, a firm should
a. expense plant asset immediately because of the uncertainty of future benefits. b. depreciate plant assets over long periods of time. c. consider an accelerated rate of depreciation. d. use the straight-line method of depreciation as it is the easiest.
The party borrowing money is usually called a ________
A) creditor B) mortgagee C) debtor D) beneficiary
Maintaining eye contact is the best means of encouraging positive non-verbal communication in any situation
Indicate whether this statement is true or false.
Which of the following is not a common feature of an internal control system?
A. Segregating duties B. Implementing the most effective marketing plan C. Bonding employees D. Performance evaluation