Puffery constitutes deceptive advertising
Indicate whether the statement is true or false
F
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Under the Model Business Corporation Act (MBCA), a subscription to buy stock in a corporation that is not yet in existence is usually treated as a(n) ________ until incorporation is completed.
A. promissory bid B. acceptance C. offer D. illegal bond
Explain personal defenses against the payment of negotiable instruments. Give suitable examples.
What will be an ideal response?
When calculating the confidence interval for an average, the standard deviation is used:
A) because it indicates lack of variability B) because it is the appropriate measure of variability for a metric variable C) because it is the appropriate measure of variability for a categorical variable D) because it is smaller and less expensive to calculate E) none of the above; standard deviation is not used to calculate confidence for an average
The adjustments arising from the audit that were considered to be material should be communicated by the auditor to which of the following?
a. Audit staff. b. Management. c. Audit committee. d. Internal auditors.