A promissory note payable to "bearer" is not negotiable.
Answer the following statement true (T) or false (F)
False
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If the international terms of trade settles at a level that is between each country's opportunity cost,
a. there is no basis for gainful trade for either country. b. both countries gain from trade. c. only one country gains from trade. d. one country gains and the other country loses from trade.
Internal control systems are recommended but not required to prevent fraud
Indicate whether the statement is true or false
When Yolanda went shopping, she paid a lot to buy a jacket that had a well-known designer's tag attached to it
After a few days, she came across a jacket which was undistinguishable from the one she had bought but was priced 5 times lesser than the earlier one. She didn't give this a second thought because she was convinced that the designer label she had bought was worth it. What can be deduced from this?
For good cash control, the custody of cash should be included with the record-keeping of cash
Indicate whether the statement is true or false