The process of deciding in advance what to do and how to do it is:
a. goal setting
b. organizing
c. directing
d. staffing
e. planning
e. planning
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Which of the following accounts most likely would have an amount contained in the Income Statement columns of a work sheet but not in Balance Sheet columns of work sheet?
A) Office Supplies Expense B) Property Taxes Payable C) Retained Earnings D) Dividends
Honi is not a resident of Iowa although her website can be accessed by residents of that state. Jean files a suit against Honi in an Iowa state court. The court is most likely to have jurisdiction over Honi if Jean’s claim arises from
A. minimum contacts between Honi and any Iowa resident. B. substantial business between Jean and Honi through Honi’s website. C. no interactivity between Honi and any Iowa resident through Honi’s website. D. the Internet’s capacity to bypass boundaries.
U.S. business letters use the "you approach."
Indicate whether the statement is true or false.
Which of the following is true for a corporation's liability on the promoters' contracts if the corporation is never formed?
A) The corporation assumes liability of the promoters' contract automatically upon its creation. B) The promoter's liabilities are transferred to the board of directors of the corporation upon its formation. C) The promoter, the corporation, and the third-party enter into a novation whereby liability is solely transferred to the corporation. D) The promoters have joint personal liability on the contract unless the third party specifically exempts them from such liability.