A note made in exchange for funds that contains an acceleration clause is not negotiable because the exact value of the note cannot be ascertained.
Answer the following statement true (T) or false (F)
False
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Which of the following tests of controls most likely would help assure an auditor that goods shipped are properly billed?
A. Inspect unused sales invoices for consecutive prenumbering. B. Compare the accounts receivable ledger to daily sales summaries. C. Scan the sales journal for sequential and unusual entries. D. Examine shipping documents for matching sales invoices.
Gage is trying to get his staff to take on an extra case, pro bono. He thinks that it is important to give back to society and to take care of his community. He appeals to his staff by explaining the positive feelings that they will feel by giving back to their community and how it is the morally right thing to do. Which tactic is Gage using to influence his staff?
A. personal appeals B. rational appeals C. coalition building D. inspirational appeals
Bargaining power of customers is likely to be the highest for markets involving ________.
A. vintage cars B. rare paintings C. limited edition apparel D. industrial products E. patented drugs
Which of the following is NOT a function of the retailer?
A. Selling directly to consumers as its primary function B. Reducing the number of transactions required by consumers C. Making an assortment of goods available in one location D. Transacting sales without taking title to products it sells