U.S. Cars, a U.S. firm, owns property in Argentina. The government of Argentina seizes the property. U.S. Cars claims that this is confiscation. The government of Argentina claims that it is expropriation. The burden of proof lies with
a. the U.S. government.
b. the government of Argentina.
c. U.S. Cars.
d. the U.S. Supreme Court.
b
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Which of the following situations is not a segregation of duties violation?
a. The purchasing department initiates purchases when the purchasing supervisor determines inventory levels are too low. b. The warehouse clerk, who has the custodial responsibility over inventory in the warehouse, keeps the official inventory records. c. The sales manager has the responsibility to approve credit and the authority to write off accounts. d. The accounting clerk who shares the record keeping responsibility for the accounts receivable subsidiary ledger performs the monthly reconciliation of the subsidiary ledger and the control account. e. All of these are segregation of duty violations.
Which of the following is a benefit of understanding an organization chart?
A. It enables supervisors to determine who needs training and what plans to implement. B. It enables supervisors to identify the relationships among tasks as well as the amount of time each task will take. C. It enables supervisors to closely monitor the task performance of employees. D. It enables supervisors to see a variety of responsibilities held by others at their level in the organization.
Which of the following statements is true about e-signatures?
A) Laws governing e-signatures are uniform throughout the country. B) E-signatures are not binding for contracts involving bank loans and brokerage accounts. C) The Electronic Signatures in Global and National Commerce Act (E-SIGN) specifies that a digital signature requires password authentication. D) The E-SIGN law makes e-signatures binding and allows consumers and businesses to sign contracts online.
Any transaction that involves an investment of money in a common enterprise with profits to come solely from the efforts of others is deemed to be a(n) __________ and thus a security
a. stock issuance b. investment contract c. secured sale d. committed sale