A data model describes data and relationships that will be stored in the database
Indicate whether the statement is true or false
TRUE
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Mega Industries has an intangible asset is being amortized over a ten-year time period. However, a competitor has just introduced a new product that will have a serious negative impact on the asset's value. Should the company continue to amortize the intangible asset over the ten-year life? Explain
Lack of mutual agency is best described as which of the following?
A) The liabilities of the corporation cannot be extended to the personal assets of the stockholder. B) Shares of stock can be readily purchased and sold by investors on an organized stock exchange. C) Stockholders are not authorized to sign contracts or make business commitments on behalf of the corporation. D) Corporations pay income tax on corporate earnings, and shareholders pay income tax on corporate dividends.
Renita, a merchant, has received a signed, written confirmation from Merchants, Inc referring to goods she had not ordered. Renita should
a. ignore the confirmation. b. call the seller and object to the confirmation as soon as she gets back from her two-week vacation. c. object to the confirmation in writing within 10 days. d. return the goods within two weeks of their delivery with a note attached saying she will not pay for the goods.
Lucy takes out a student loan from Midtown Bank. When she fails to make the scheduled payments for six months, Midtown advises her of further action that it will take. This violates
a. no federal law. b. the Fair and Accurate Credit Transactions Act. c. the Fair Debt Collection Practices Act. d. the Truth-in-Lending Act.