Under corporate law, a corporation that officially states its purpose is "to engage in any lawful activity for which corporations may be organized under the General Corporation Law of Idaho" is too broad. A corporation's purpose must be more narrowly defined
a. True
b. False
Indicate whether the statement is true or false
False
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The number of days' sales in inventory is the same as a company's accounting cycle
a. True b. False Indicate whether the statement is true or false
According to the European Union, people _____.
A. have the right to object to the processing of personal data B. need not know that their personal data is being used by third parties C. need not be disclosed the ways in which their personal data will be used D. have no rights to obtain confirmation that data about them is being processed
According to the text, which of the following can affect a hiring manager’s perception of the employability of a job candidate?
A. demographic details B. commuting distance C. age D. ambition, work ethic, drive
A patent was purchased from a competitor for $50,000 cash on January 1 of this year. The patent has 10 years remaining in its legal life and will have value to the company for 4 years. The amortization entry for the year will require a credit to the Patent account for:
a. $12,500 b. $10,000 c. $5,000 d. $2,941 e. $1,250