An agent may not make a secret profit from any transaction subject to the agency

a. True
b. False
Indicate whether the statement is true or false


True

Business

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If r is the discount rate, the formula [1/(1+r)] refers to the

a. present value interest factor associated with r for one period. b. future value interest factor for an annuity with a duration of r periods. c. present value for some future cash flows. d. future value interest factor associated with r for one period.

Business

The Conclusions and Recommendations sections of a report serve the same function

Indicate whether the statement is true or false

Business

All states have at least one federal judicial district and some, more populous states have more than one

Indicate whether the statement is true or false

Business

Pass-through entities include all of the following types of entities except

A) partnerships. B) C corporations. C) S corporations. D) limited liability companies (LLCs).

Business