Per se violations are subject to both civil and criminal penalties
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1. A for-benefit corporation aims to make profits however it does not have a strong commitment to addressing social and environmental problems. 2. A B-Corp is different from a for-benefit corporation in that a certification process is required in order to be eligible to receive this designation. 3. In Canada, the certification process to gain B-Corp status is performed by the non-profit MaRS Centre for Impact Investing. 4. Social enterprises and non-profit organizations must consider their sustainability in terms of how well they accomplish their social aims or objectives and how they are able to maintain themselves financially. 5. Cell 1 of the sustainability matrix indicates that the organization is making a substantial social impact but may have inadequate funding to sustain this level of activity.
Which of the following statements regarding inflation and accounting is false?
a. The SEC requires U.S. companies to present supplemental financial information adjusted for the effects of inflation. b. Instability of the measuring unit that is the currency occurs in countries with rampant inflation. c. In some in Latin American and South American countries, companies have been required to adjust their financial statements to take into account the effects of inflation. d. The FASB developed rules for companies in the United States to use to adjust for inflation.
Your home and property have a market value of $240,000. To meet the coinsurance provision, you would need at least ________ of insurance
A) $144,000 B) $168,000 C) $192,000 D) $216,000 E) none of the above
In the cost approach to valuation, the assessor examines replacement cost
Indicate whether the statement is true or false