Link negligently ran his car into John, causing $50,000 in injuries. Link was intoxicated at the time of the accident. Can Link discharge this debt in bankruptcy?
a. Yes, claims based on negligence are dischargeable.
b. Yes, as long as he didn't intend to hit John's car.
c. No, such claims are not dischargeable in bankruptcy.
d. No, because Link breached a fiduciary duty.
c
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The difference between succession planning and replacement planning is that succession planning:
A. focuses on identifying a "backup" to fill a job only when it becomes vacant. B. considers the future potential of individuals. C. focuses solely on an employee's past performance. D. fails to anticipate changing organization needs.
The Golf Club Company makes custom golf clubs. The manufacturing supervisor interviews people who have specialized manufacturing skills, and he informs payroll when an employee is hired. The employees use a time clock to record the hours they work. The
employees are also required to keep a record of the time they spend working on each order. The supervisor approves all time cards. The accountant analyzes the job tickets and prepares a labor distribution summary. Payroll prepares the payroll register and paychecks. The supervisor distributes the paychecks to the employees. Payroll informs cash disbursement of the funds required to cover the entire payroll amount. The cash disbursements clerk ensures that there are adequate funds in the company's regular checking account to cover the payroll. Describe at least three internal control weaknesses; for each weakness suggest an improvement to internal control.
Depreciation is considered a cash outlay, not an expense.
Answer the following statement true (T) or false (F)
________ offer an inconsistent assortment of brand-name merchandise at low prices.
A. Specialty stores B. Category killers C. Off-price retailers D. Department stores E. Full-line discount stores