Which of the following is a correct statement relating to the concept of mutual agency and the corporate form of business?
A) There is no mutual agency with the corporate form of business.
B) Mutual agency may or may not exist in a corporation, depending on the individual state law.
C) Mutual agency always exists in the corporate form of business.
D) Mutual agency may or may not exist in a corporation, depending on a vote by the shareholders.
A
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For a high-school student, Tim is highly concerned about environmental issues. He is a strong supporter of the garbage recycling and afforestation campaigns taken up by the environmental activists in his neighborhood
He wants to become a full time volunteer for their upcoming wildlife protection program and has even saved money to contribute to the cause. This group of environmental activists can be categorized under which of the following reference groups? A) primary group B) secondary group C) aspirational group D) dissociative group E) cognitive group
Which of the following is NOT a component of a vulnerability chart?
a. listing assets that are missing b. concealment possibilities c. internal controls that had to be compromised d. identification of the suspected perpetrator
The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:
A. Revenue recognition principle. B. Going-concern assumption. C. Time-period assumption. D. Business entity assumption. E. Measurement (Cost) principle.
Information presented in a variable costing format can assist management when making short-term pricing decisions.
Answer the following statement true (T) or false (F)