Identify three essential functions of law
The primary function of law is to maintain stability in the social, political, and economic system while simultaneously permitting change. A second essential function of law is to protect the private ownership of property and to assist in the making of contracts relating to exchanges of property and services. A third function of law is preservation of the state.
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All of the following statements are true about the Sarbanes-Oxley Act except
A) it applies to publicly traded companies. B) it shields chief executives from criminal penalties. C) it orders the SEC to draw up certain rules. D) its primary goal is to regulate financial reporting and the accounting profession.
Joining the CEO at the seminar ____ the CFO
A) are B) is
The balances of the temporary accounts are transferred to Net Income, a permanent account, during the closing process.
Answer the following statement true (T) or false (F)
Security is the determinant of service quality that means freedom from danger, risk, or doubt
Indicate whether the statement is true or false