A mission statement of a firm that states "to make money" would be very effective.
Answer the following statement true (T) or false (F)
False
The mission of a firm is not "to make money"; this is a by-product of a good direction.
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Vegas Finance Company reported the following: Common stock, $10 par, 100,000 shares authorized, 80,000 shares issued and outstanding What is the effect of issuing 1,000 shares of common stock at $15 per share?
a. Cash increases $10,000. b. Common Stock increases $15,000. c. Additional Paid-in Capital increases $5,000. d. Retained Earnings increases $5,000.
Under Section 11(a) of the Securities Act of 1933, the purchaser can recover even if he had not read the registration statement containing the material misstatements or omissions.
Answer the following statement true (T) or false (F)
If you wanted to research the Internet for articles on outsourcing to India, which of the following key phrases would result in the narrowest search?
a. Outsourcing b. "Outsourcing" c. Outsourcing to India d. "Outsourcing to India"
Which of the following assignments are recognized by law?
A) those that materially change the duty of the obligor B) those that are forbidden by state statute C) those that involve the present transfer of an existing right D) personal services contracts