Passwords, biometrics, and digital signatures are examples of which of the following?
a. physical controls
b. segregation of duties
c. authorization controls
d. checks on performance
c
FEEDBACK: a. Incorrect. Physical controls relate to the security of the system.
b. Incorrect. Segregation of duties relates to the separation of authorization and execution responsibilities, particularly in an e-business setting.
c. Correct. Passwords, biometrics, and digital signatures are examples of authorization controls.
d. Incorrect. Checks on performance should be conducted because internal controls change over time.
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Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the initial value method is applied.?Compute Pell's investment in Demers at December 31, 2021.
A. $625,000. B. $676,000. C. $500,000. D. $620,000. E. $592,400.
Filing a corporate name with the appropriate state official will protect the name as a trade name within the state and within contiguous states.
Answer the following statement true (T) or false (F)
What is the name for the shifting of non-strategic functions to specialist firms to reduce costs?
A) outsourcing B) multinational company C) globalization D) transnational corporations
An Idaho resident bought a large quantity of jeans over the Internet from a Maine company. When a dispute over the quality of the product arose, the Idaho resident sued the Maine company in Idaho state court. When the Maine company protested, the supreme court of Idaho, in Blimka v. My Web Wholesalers, held that the buyer:
a. could sue in state court in Idaho or in Maine b. could sue in state court in Idaho c. could sue in state court in Maine d. could sue in either federal or state court in Maine e. none of the other choices are correct