A promise based on past consideration is not enforceable

Indicate whether the statement is true or false


TRUE

Business

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Consider a five-year fixed-payment security that has a present value of $1,500. If the annual rate of discount is 2 percent, the payment made at the end of each year is

A. $231.77. B. $288.24. C. $300.00. D. $310.00.

Business

Clearly establishing responsibilities and assigning all accounting activities to one person is an important principle of internal control.

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

Business

In commercial speech cases, the U.S. Supreme Court requires that any restriction on such speech must be the least restrictive possible to achieve a substantial governmental interest

a. True b. False Indicate whether the statement is true or false

Business

Waiting lines form because people or things arrive at the servicing function, or server, faster than they can be served

Indicate whether this statement is true or false.

Business