The division of income is one area in which a partnership differs from a corporation
Indicate whether the statement is true or false
True
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If the promisee does or agrees to do something he or she had no prior legal duty to do in exchange for the promisor's promise, that provides legal value.
Answer the following statement true (T) or false (F)
Which of the following is an example of a firm utilizing public relations as a promotion tool?
A) a firm using its personal sales force at an expo to sell its products B) a firm sending its catalog directly to customers through e-mail C) a firm informing customers of special discounts on its Web site D) a firm providing interesting information about a product to the news media E) a firm using a celebrity to endorse a product in a television commercial
Under which of the following circumstances should finite uniformity be used?
a. If the event is a simple event. b. If the event is a complex event in which relevant circumstances cannot be measured and implemented in a cost-effective manner. c. If the event is a complex event in which relevant circumstances can be measured and implemented in a cost-effective manner. d. Both a and b.
Which of the following is not a financing activity?
a. Selling plant and equipment b. Borrowing money c. Retiring bonds at maturity d. Issuing common stock for cash e. Purchasing treasury stock