As it pertains to consideration, which of the following does NOT constitute value?
a. an illusory promise
b. an act
c. a forbearance
d. a promise to act
a
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Control activities under SAS 109/COSO include
a. IT Controls, preventative controls, and Corrective controls b. physical controls, preventative controls, and corrective controls. c. general controls, application controls, and physical controls. d. transaction authorizations, segregation of duties, and risk assessment
Which of the following is not a responsibility of the database management system?
a. provide an interface between the users and the physical database b. provide security against a natural disaster c. ensure that the internal schema and external schema are consistent d. authorize access to portions of the database
A ________ is the price against which buyers compare the actual selling price of the product, and thus it facilitates their evaluation process.
A. markup price B. maintained markup C. break-even price D. reference price E. MSRP price
Chelsea, who is self-employed, drove her automobile a total of 20,000 business miles in 2018. This represents about 75% of the auto's use. She has receipts as follows:Parking (business only)$500Tolls (business only)200Repairs$1,000Chelsea uses the standard mileage rate method. She can deduct
A. $11,600. B. $12,600. C. $10,900. D. $11,425.