Which of the following is an incorrect statement regarding the corporate form of business organization?
A) The dominant form of business organization in the United States is the corporation.
B) A corporation is a legal entity created by federal law.
C) A corporation raises capital by issuing stock to investors.
D) Although the corporation may have many owners, it is legally treated as a single person.
B
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The total manufacturing costs on job cost sheets for unfinished jobs equals the total amount in the Work in Process Inventory account in the general ledger.
Answer the following statement true (T) or false (F)
Believers in efficient markets tend to explain away market anomalies as
I. random occurrences that create an illusion of causality. II. errors resulting from inaccurate measures of risk. III. the result of illegal price manipulation by corporate insiders. IV. the effect of normal human emotions such as fear and greed. A) I and II only B) I, II and III only C) I and III only D) I, II, III and IV
T is the ________ for American Telephone and Telegraph Company
Fill in the blank(s) with the appropriate word(s).
According to the textbook, globalization involves international exchange. Included in this exchange is trade in goods and services as well as the exchange of ________, ________, and ________ across countries.
A. money; ideas; information B. statistics; personnel; purchasing power C. traditions; legal systems; history D. habits; values; ideas