The auditors typically observe all major items of property, plant, and equipment every year.
Answer the following statement true (T) or false (F)
False
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Vlad, as agent, is paid $5,000 owed by a debtor of Lee, Vlad's principal. Instead of giving it immediately to Lee, Vlad invests it in the stock market. Luckily, the market price of that particular stock rises to $10,000 before Lee learns of the wrongdoing. Under these circumstances, ________.
A. Vlad cannot be sued as the money was put to good use B. Vlad is not guilty of wrongdoing because he managed to make a profit C. Lee is entitled to all of the stock D. Lee is entitled only to $5,000
Unhappy customers use social media to voice complaints to a larger audience than just the organization
Indicate whether the statement is true or false.
Which of the following is a selling decision that may be called into question under the law?
A) predatory pricing B) product warranty C) bait-and-switch advertising D) promotional allowances and services E) disclosure of customer rights
Consumerism does not need to be coordinated in any formal manner
Indicate whether the statement is true or false