NuTrend Clothing Corporation is a public company whose securities are traded among investors. Under the Securities Act of 1933, a security is?
A) almost any stake in the ownership or debt of a company
B) an investment that is guaranteed to make a profit.
C) only such common forms of debt and equity as bonds and stocks.
D) whatever a company represents to the public as a security.
A
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All of the following statements are true regarding accounting for software development costs except:
a. Firms must expense as incurred all costs incurred internally in developing computer software until such development achieves the technological feasibility of a product. b. Firms must capitalize as incurred all costs incurred internally in developing computer software. c. Researchers have found a significant association between costs and future earnings which support capitalizing and amortizing product development costs permitted by U.S. GAAP and IFRS. d. The interpretation of the meaning of technological feasibility has created diversity in the practice of accounting for software development costs.
In 2001, Nike admitted that it used child labor to produce its expensive sportswear products while paying the children just pennies a day. In doing so, Nike ______.
A. deprived some children of the opportunity to have a childhood as in developed economies B. provided society with opportunities to have a more educated population C. created new consumers with the ability to purchase products and services D. showed it was being socially responsible
You are evaluating a sales training program. You are investigating the following three dimensions in your evaluation. You also want to use the Success Case Method (SCM), so you plan to conduct a SCM-based survey. For which one of the three dimensions should you conduct the SCM-based survey? (information in the parentheses indicates the category of the training impact model)
a. Training materials: How well are the training materials designed to help the trainees (sales people) practice new skills? (resources) b. Managerial support: How much incentive and support from management did the trainees (sales people) receive for using new skills? (activities) c. Knowledge gained: Did the trainees (sales people) learn the new sales techniques? (program capabilities) d. Customers’ reaction: How did the customers react to the new approach that the trainees (sales people) used? (key results)
Most states apply their limited liability company (LLC) statutes to an LLC formed in another state.
Answer the following statement true (T) or false (F)