Every succession plan must have a buy-sell agreement
Indicate whether the statement is true or false
FALSE
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If cash is paid to a trustee who administers a sinking fund, the corporation would credit the Bond Sinking Fund for the amount of cash paid
a. True b. False Indicate whether the statement is true or false
John plans to start a grocery store in his locality. Which of the following is most likely to give him the least sustainable competitive advantage in the market?
A. Convenient locations B. Coordination of procurement efforts C. More employees D. Exclusive merchandise E. Helpful sales force
On January 3, Kostansas Corporation purchased 5,000 shares of Morton, Inc. for $40 per share. These shares represent a 40% ownership in Morton, Inc. Prepare the journal entry Kostansas Corporation should record when Morton reports net income of $52,000 for the year on December 31.
What will be an ideal response?
Nepotism and word of mouth hiring:
a. are specifically prohibited by Title VII because of their potential to produce discriminatory effects b. are not optimal recruiting procedures, but they raise no significant legal issues c. tend to produce discriminatory effects, depending on how racially homogeneous an employer's existing workforce is d. have been subjected to numerous legal challenges, but have been consistently upheld under Title VII e. none of the above