List the four budgeting objectives. Why is this process a loop?
What will be an ideal response?
The four budgeting objectives are (1) developing strategies, (2) planning, (3) directing, and (4)
controlling. This process is a loop because successful companies use current period results to help make
decisions regarding the company's future. The control step is not an end but an input into the develop
strategies step.
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Which of the following is/are true?
a. Firms sometimes issue bonds with stock warrants attached and allocate the amount received between the bonds and the warrants based on their respective fair values. b. When firms issue convertible bonds U.S. GAAP requires firms to allocate the full issue price to the bonds and none to the conversion feature. c. IFRS requires firms to allocate the issue price between the bonds and the conversion feature. d. Under IFRS, the firm allocates the issue price of bonds with terms similar to those issued but without the conversion feature to the bonds and the remainder of the issue price to the conversion option. e. all of the above
A suit under Section 1981 is not subject to the same procedural requirements as a suit under:
a. Title VII. b. Title VI. c. Title V. d. Title IV.
Jack is a trucker who makes his living moving modular homes. This is a dangerous business in that the portions of the houses once on the truck are wider than the road lanes. Also, Jack frequently has to travel much more slowly than the other vehicles on
the road. One day, Jack, on his way to Atlanta with a modular home in tow, found himself approaching two trucks coming from the opposite direction with the words "High Museum Exhibits" on the truck panels. When Jack swerves to avoid a bicyclist, a museum truck runs off the road and tumbles down an embankment. No one is harmed, but the exhibit being transported is damaged. Discuss the various theories of liability that might be applied here and why they would be appropriate.
The Federal Wiretapping Act makes it unlawful to intercept oral and written communications, except: ______
A)for personal phone calls without the employee's consent. B)when an employer monitors a firm's phones during the course of business. C)when an employer monitors an employee's private email. D)for personal calls after it is ascertained the call is purely personal.