Identify a true statement about entrepreneurial firms.
A. Such businesses tend to develop operations in multiple locations very shortly after the initial investment.
B. The organizational structure in such businesses is often well-developed.
C. The number of employees in such businesses is unexpected to grow to more than 50 to 100.
D. Such businesses generally hire an experienced president to grow the company.
Answer: C
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Which of the following is a formality usually required by state law for the creation of a valid will?
A. The witnesses should declare, after the signing, that the instrument is the testator's will. B. The will must be signed by the testator or by someone else at the testator's direction. C. Notice of the making of the will must be published in the newspaper. D. The will must be witnessed and signed by at least two persons who stand to inherit under the will.
The entry to record the issuance of bonds at a discount includes a credit to the Unamortized Bond Discount account
Indicate whether the statement is true or false
The power of administrative agencies is limited by the executive branch through ________
A) the oversight power of the U.S. Congress B) investigative powers of the U.S. Congress C) presidential executive orders D) the power of the president to remove the heads of the agencies
External audits are useful for preliminary control because they
A. are more satisfying as operators benefit by having a more enriched job. B. can assess what a company has done for itself. C. review a company's past, present, and future. D. can evaluate how a company has served its customers of its goods or services. E. can prevent problems from occurring.