Informal contracts are usually based on their substance rather than their form.

Answer the following statement true (T) or false (F)


True

Business

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The Employment Retirement Income Security Act (ERISA) requires employers to establish pension plans and to meet specific benefit levels.

Answer the following statement true (T) or false (F)

Business

A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.)

A. $87.50. B. $75.00. C. $50.00. D. $150.00. E. $37.50.

Business

One purpose of financial statement analysis for internal users is to provide strategic information to improve company efficiency and effectiveness in providing products and services.

Answer the following statement true (T) or false (F)

Business

Possession of resources is an argument for social responsibility.

Answer the following statement true (T) or false (F)

Business