The auditors typically observe all major items of property, plant, and equipment every year.

Answer the following statement true (T) or false (F)


False

Business

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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

Business

Unhappy customers use social media to voice complaints to a larger audience than just the organization

Indicate whether the statement is true or false.

Business

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

Business

Consumerism does not need to be coordinated in any formal manner

Indicate whether the statement is true or false

Business