______ angels are successful entrepreneurs who want active involvement in the companies they invest in
a. Entrepreneur
b. Professional
c. Enthusiast
d. Micromanagement
d. Micromanagement
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Which of the following controls over cash would an auditor expect to observe?
a. Reconciliation of the general ledger to the subsidiary ledger. b. Checks permanently marked "for deposit only" with the proper routing information. c. Internal audits of marketable securities held in the company's lockbox. d. Authorization privileges given only to those employees using the accounting system.
Secondary-line injury occurs when competitors of one of the buyers are injured because the seller sold to that one buyer at a lower price than it sold to the others
Indicate whether the statement is true or false
Which of the following statements, if made by a seller who knows the statement to be untruthful, would not be misrepresentation of material fact resulting in a cause of action for fraud?
a. "This horse is only six years old." b. "There is no better car in the world." c. "The tires have less than 5,000 miles on them." d. "This car gets 28 miles per gallon. "
________ is a written statement of what a salesperson is expected to do.
A. The terms of employment B. A covering letter C. The conditions of service D. A job description E. A disclaimer