Regulatory bodies like the SEC and the FTC have the power to pass ________ law
A) constitutional
B) statutory
C) administrative
D) common
E) case
C
Explanation: C) The executive and legislative branches of the federal or state government also establish regulatory bodies (such as the Securities and Exchange Commission [SEC], the Federal Trade Commission [FTC], and the Food and Drug Administration [FDA]). These regulatory bodies have the power to pass administrative laws–rules and regulations within their area of authority.
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Ty earns a base rate of $12 an hour and receives a weekly attendance award of $20. He works 40 hours this week. What would be his total compensation for the week?
A. $520 B. $600 C. $250 D. $500 E. $480
The risk that an auditor will examine a fraudulent check and not recognize it as being fraudulent is called _________
a. sampling risk b. non-sampling risk c. systematic risk d. systemic risk
The overall objective of global product development is to ______.
A. introduce innovative new products that exceed customer expectations B. minimize the financial and operational productivity of the product development process C. ensure participation by as many countries as possible in product development D. ensure participation by as many cultures as possible in product development
The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The proper entry to be recorded on July 15, 20x5 is,
A) Cash 199,500 Dividends Payable 199,500 B) Dividends Payable 199,500 Cash 199,500 C) Cash 199,500 Dividends 199,500 D) Dividends 199,500 Cash 199,500