Which of the following statements is true?
a. In order for a check to be negotiable, the drawee must be named in the instrument.
b. A check is a type of draft.
c. A check is a popular form of negotiable instrument.
d. All of these.
D
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Jack purchased 100 shares of Ford stock on April 22, 2017. If he sells the stock on April 21, 2018, what is the character of the sale?
A. If the sale produces a gain, the gain is taxed at preferential rates because the holding period requirement does not apply to stock sales. B. Regardless of whether the sale produces a gain or loss, the transaction qualifies for preferential treatment because the asset sold is stock. C. Regardless of whether the sale produces a gain or loss, the transaction does not qualify for preferential treatment because the stock was not held for more than one year. D. If the sale produces a loss, the entire loss can be taken only in the year of the sale because the stock was held for less than one year.
Which of the following statements about financial accounting is correct?
A. Financial accounting reports are primarily prepared to provide information for external decision makers. B. Financial accounting reports are used primarily by employees to make business decisions related to production. C. Financial accounting reports are used primarily by management to understand whether a product line should be discontinued. D. Financial accounting reports primarily contain detailed internal records of the company.
A layout is the ______.
A. physical arrangement of work and storage areas, departments, or equipment, within a facility B. physical layout of the plant in relation to adjoining roads and zoning areas C. physical layout of the markets in relation to the production plant D. virtual layout of the technology services
The trend for firms in regard to country risk assessment (CRA) is to
A. concentrate much more on CRA in making decisions about foreign activities. B. avoid it as an added cost in competitive markets. C. use CRA in obviously dangerous locations, but only in those situations, to control costs. D. hire consultants to reduce CRA insurance costs.