Cash flows from operating activities are primarily related to the revenues and expenses reported on the income statement

Indicate whether the statement is true or false


T

Business

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To be effective, an offer must:

a. be sufficiently definite and certain. b. be communicated to the offeree. c. manifest an intent to enter into a contract. d. All of these. e. None of these.

Business

Fixit Co, a four-person business, employs Wesley as a full-time mechanic. One day while welding a frame modification on a sports car, Wesley paid no attention to a clearly visible oil leak dripping from the engine compartment of the car. The welding torch ignited the oil, causing a fire in which Wesley was badly burned. Which of the following BEST describes the rights of the parties?

a. Fixit is probably liable to Wesley under a workers' compensation statute despite the fact Wesley may have been contributorily negligent when he ignored the oil leak. b. Wesley cannot recover workers' compensation since federal law requires that an employer have at least 25 employees before he must provide workers' compensation benefits. c. Fixit is not liable to pay Wesley workers' compensation since Wesley fell below a recognized standard of care by auto mechanics. d. Wesley cannot recover workers' compensation benefits, but can sue Fixit for failing to provide a safe working environment.

Business

Written acceptance of an offer generally takes effect when it is

a. received by the offeror. b. properly sent. c. prepared by the offeree. d. none of these.

Business

What types of security must an organization offer its customers when it provides them with the ability to purchase products over the Internet?

A. Encryption. B. SSL. C. Secure sockets layers. D. All of the above.

Business