A void contract has no legal effect

Indicate whether the statement is true or false


T

Business

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The record in which transactions are initially recorded in chronological order as they occur is a(an)

a. Account b. General Journal c. General Ledger d. Chart of Accounts

Business

No group could function if members were free at all times to decide for themselves what to do and how to act. Which of the following functions to organize and ease relations between individuals?

A. Autocracy B. Social contract C. Self-rule D. Personal norms

Business

If you randomly split a sample of eight people into four groups, how many conditions do you have?

a. 0 b. 4 c. 8 d. 32

Business

In a partnership, partners are presumed to place their individual interests above those of the partnership

a. True b. False Indicate whether the statement is true or false

Business