A . Name two types of nonfradulent misrepresentation and define each one. b. What remedies may be available for nonfraudulent misrepresentation?
a . Negligent misrepresentation is a false representation that is made without due care in ascertaining its truthfulness. Innocent misrepresentation is a false representation made without knowledge of its falsity but with due care.
b. The remedies that may be available for nonfraudulent misrepresentation are rescission and damages.
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Which of the following statements about assertions is true?
a. All assertions are equally important for all accounts. b. The importance of an assertion depends upon the account. c. Assertions are not related to accounts. d. None of the above.
The clerk who has access to the cash in the cash register should also have access to the cash register tape or file.
Answer the following statement true (T) or false (F)
A(n) ________ calculates project duration.
Fill in the blank(s) with the appropriate word(s).
The following returns were earned last year: Fund A, 10%, Fund B, 18%, the overall market, 11%. Fund A's beta was 0.8 while Fund B's was 2.0. Therefore, the best investment was Fund A
Indicate whether the statement is true or false.