Flynn, an accountant, helps Grange Supply Company prepare and file a false federal corporate income tax return. Under the Internal Revenue Code, this is

A. a felony punishable by a fine and imprisonment.
B. a felony punishable only by a fine.
C. a misdemeanor punishable only by a fine.
D. a civil violation subject to a liability suit but not a crime.


Answer: A

Business

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[APPPENDIX] When an individual wishes to form a sole proprietorship, he or she does so by

a. filing a petition with the IRS. b. purchasing stock in the proprietorship. c. filing corporate paperwork with the state. d. contributing cash or other assets.

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If demand changes greatly with price, the demand is inelastic

Indicate whether the statement is true or false

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A(n) ________ does not actually conduct business; rather, it functions as a foreign contact point where interested parties can obtain information about a particular firm

A. representative office B. branch C. subsidiary D. franchise

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Answer the following statement(s) true (T) or false (F)

1. The U.S. Bureau of Labor Statistics estimates that there were over 2 million workplace accidents in 2011. 2. Stress is specific and people respond to the same set of circumstances in approximately the same way. 3. Job dissatisfaction is not linked to stress.

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