The one-year rule states that an executory contract that cannot be performed by its own terms within one year of its formation must be in writing.
Answer the following statement true (T) or false (F)
True
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The ______ identifies the tasks and responsibilities of a position.
a. job analysis b. job description c. job specification d. job statement
Natural resources, such as coal mines and oil wells, are always classified on the balance sheet as:
a. property, plant, and equipment. b. investments. c. intangible assets. d. none of these are correct.
Verbs that do not indicate an obvious action but express a condition or a state of being are called:
A. action verbs. B. inactive verbs. C. linking verbs. D. passive verbs.
Which of the following statements is CORRECT?
A. MVA stands for "market value added" and is defined as follows:MVA = (Shares outstanding)(Stock price) + Book value of common equity. B. The primary difference between EVA and accounting net income is that when net income is calculated, a deduction is made to account for the cost of common equity, whereas EVA represents net income before deducting the cost of the equity capital the firm uses. C. MVA gives us an idea about how much value a firm's management has added during the last year. D. EVA gives us an idea about how much value a firm's management has added over the firm's life. E. EVA stands for "economic value added" and is defined as follows: EVA = NOPAT - (Total invested capital)(AT cost of capital %)