Section 5 of the FTC Act does each of the following except
A) prohibits unfair or deceptive EC practices.
B) gives the FTC authority to take action against companies whose lax security practices could expose customers' financial information to theft or loss.
C) protects privacy.
D) requires monitoring of employees' e-mail.
D
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It is easier to maintain a running balance with a T account than it is with a ledger account
Indicate whether the statement is true or false
The number of authorized shares of stock may be less than the number of outstanding shares
Indicate whether the statement is true or false
In which of the following cases is the direct organization approach most appropriate?
A) Asking your boss for an extension on an assignment B) Recommending a controversial change in departmental procedure to your boss C) Requesting a day off during your company's busy season D) Explaining why your team failed to catch a problem E) Sending a status report indicating that you are on schedule for an assignment
Treasury stock or treasury shares are shares a firm has previously issued and later reacquired. Which of the following is/are not true?
a. Some firms believe that their own shares provide a good investment. b. Evidence supports the notion that share prices often increase after a firm announces a share repurchase program. c. Share repurchases reduce common shareholders' equity and increase the proportion of debt in the capital structure, making the firm more risky and therefore less attractive to an unfriendly bidder. d. Some firms even borrow cash to repurchase shares, which affects the debt ratios even more than using already available cash to reacquire shares. e. Share repurchases use up available cash and thereby increase the attractiveness of the company to outsiders who believe that the stock buy back makes the company an attractive target.