As the owner of a corporate bond this means I hold an ownership position within that corporation
Indicate whether this statement is true or false.
Answer: FALSE
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An internal control system consists of all the following policies and procedures except:
a. Those necessary to ensure the safeguarding of an entity's assets. b. Those necessary to ensure that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations. c. Those necessary to ensure the reliability of its accounting records. d. Those necessary to ensure the accomplishment of its overall objectives.
If an agent acts for a corporation that is not yet formed or for an entity that has no legal existence, such as an unincorporated association, the agent is not personally liable on a resulting contract.
Answer the following statement true (T) or false (F)
A standard cost sheet:
a. is not needed in computerized manufacturing. b. provides production data to calculate unit cost. c. is used to evaluate managers. d. indicates the hourly wages for labor. e. None of the answers are correct.
"Do you agree with this plan?" is an example of a(n) ________ question.?
A) ?open B) ?closed C) ?obvious D) ?clarifying