Implied contracts arise from:
a. the intentions rather than the results of the actions
b. the expressions rather than the actions of the parties c. the intentions rather than the actions of the parties
d. the consequences of the actions of the parties e. none of the other choices are correct
e
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Which of the following describes the risk assessment component of internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.
An invention need not show which of the following to get a patent?
a. genuine b. useful c. genius d. not obvious e. all of the other choices are necessary
You are scheduled to receive $10,000 in one year. What will be the effect of an increase in the interest rate on the future value of this cash flow?
A) It will cause the future value to fall. B) It will cause the future value to rise. C) It will have no effect on the future value. D) The effect cannot be determined with the information provided.
An American purchased a shirt in Melbourne, Australia for 42 Australian dollars. The exchange rate was 0.903497 Australian dollars for one U.S. dollar. How much did he have to pay in U.S. dollars?