All of the following typically drive firm-specific risks except:
a. the nature of the business
b. competition
c. supplier relationships
d. demographic shifts
D
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Which one of the following statements is false?
A) When stock is issued, legal capital is usually the total amount received. B) Par value has no direct relationship to market value. C) The accounting for stated value, no-par stock parallels accounting for par-value stock. D) Capital shareholders have limited liability.
Companies seldom solicit ideas from customers during the idea generation stage of product development
Indicate whether the statement is true or false
Taylor, who is conducting an audit of Oakwood Corporation, becomes aware of information that indicates Oakwood was involved in an illegal payment. Discuss Taylor's responsibilities
In some situations, the unauthorized indorsement of a payee's name can be as effective as if the real payee had signed
Indicate whether the statement is true or false