A written document in which a shareholder authorizes a person to vote the shareholder's shares at the shareholders' meetings in the event of the shareholder's absence is known as a ________.
A. quorum
B. notice of shareholder's meeting
C. certificate of authority
D. proxy
Answer: D
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For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer. Baker Auto Supply purchases merchandise inventory from A & B Company. The accountant places the order, verifies receipt of the merchandise, and records the transaction in the general journal.
What will be an ideal response?
Officials with the U.S. Department of Homeland Security search the laptops and smart phones of Diego, a Mexican citizen, and Ethan, a U.S. citizen, when they cross the border between the United States and Mexico. Diego and Ethan object to the search. The most likely basis for their objection is that the search constitutes
a. an invasion of privacy. b. a breach of contract. c. a breach of the principle of comity. d. a breach of the act of state doctrine.
The use of multiple distribution channels that complement organizations' brick-and-mortar stores with websites, catalogs, and apps where consumers can research products, read other buyers' reviews, and make actual purchases is known as
A. multichannel retailing. B. dual retailing. C. multimedia retailing. D. dual distribution. E. multi-wholesaling.
The higher the substitutability of a subunit, the greater is its power within the organization.
Answer the following statement true (T) or false (F)