Agency costs pose the biggest problem for
A) insiders.
B) shareholders.
C) directors.
D) agents.
E) executives.
B
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Which of the following statements is true of an indorsement?
A. It generally does not make a person liable on the instrument even if he or she is engaged in any illegality affecting the instrument. B. It applies only to payments made to a depositary bank. C. It makes a person liable on an instrument indorsed by him or her if the person primarily liable on it does not pay it. D. It does not affect future attempts to negotiate the instrument.
Answer the following statements true (T) or false (F)
1. The statement of partners' equity shows the changes in each partner's capital account for a specific period of time. 2. In a partnership balance sheet, each partner's assets, liabilities, and equity will be shown separately. 3. The financial statements of a partnership are similar to the statements of a sole proprietorship. 4. An asset received from a partner as a contribution is recorded at its historical cost.
Angelina owned a lot near a lake. Although she never had permission from the owner of the adjoining land, each weekend when she camped on her lot she crossed his land to take her boat to the boat ramp at the lake. If Angelina continued this use of her neighbor's land for the number of years required by local statute, she would have
a. created a "profit.". b. an easement by prescription. c. a grant easement. d. a license to use her neighbor's land.
In dealing with business models, managers need to consider only quantitative data while making decisions in practice
Indicate whether the statement is true or false