The officers and the directors are fiduciaries of the corporation, but the business judgment rule will not preclude liability on officers and directors for honest mistakes of judgment

Indicate whether the statement is true or false


False

Business

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A dual-purpose test:

A. is a procedure completed by both the internal and external auditors. B. is useful to both the entity and the auditor. C. is both a substantive test of transactions and a test of controls. D. simultaneously tests debits and credits.

Business

Another name for the stock release form is the picking ticket

Indicate whether the statement is true or false

Business

Owning shares of ten different stocks rather than two illustrates the concept of ________.

A) asset allocation
B) the risk return relationship
C) diversification
D) money market funds
E) prospecting

Business

According to Porter, most of the value in service-oriented companies is generated by all of the following activities except ________.

A. service activities B. operations C. marketing D. sales E. inbound logistics

Business