The agent is not liable on the contract in a fully disclosed agency
Indicate whether the statement is true or false
TRUE
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A nonprofit organization provides training sessions to encourage its volunteers to embrace the organization’s vision, mission, and values. The nonprofit is applying ______ theory.
A. market B. institutional C. open systems D. closed systems
Match each term with the correct statement below.
a. The Securities Act of 1933 b. The Securities Exchange Act of 1934 c. general ledger d. journal e. balance sheet f. income statement g. statement of cash flows h. net income 1. The place where all of the accounts of the business are summarized 2. Otherwise referred to as the bottom line 3. The legislation requiring most corporations to file registration statements before issuing stock 4. A book or file where every accounting of the firm is recorded as it happens 5. The financial statement that shows the financial position of a company as of a given point in time 6. The financial statement that shows the result of operations over a given period of time
The most effective use of the interim ________ is to establish cost standards and compare the actual amount with the budgeted amount for that time period.
A. inventory analysis B. income statement C. cash flow statement D. balance sheet
You have just been hired as the new Human Resources Manager for your firm. On your second day, an employee filed for disability benefits due to a recent injury. Not knowing about a disability policy through this firm, you search the files and discover that the firm cancelled a long term disability on the employee without notifying him. What should you do?
a. nothing; maybe the employee will withdraw his claim for disability benefits b. send official notice that the disability policy had previously been cancelled c. call the employee to tell him that the disability policy had previously been cancelled d. b and c e. none of these