Which of the following terms best describes the relationship between a corporation and the CPA it hires to audit corporate books?

A. Employer and employee.
B. Employer and independent contractor.
C. Master and servant.
D. Employer and principal.

Answer: B. Employer and independent contractor.

Business

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Compound interest means that interest is calculated only on the principal amount

Indicate whether the statement is true or false

Business

Normally, what is the longest stage of the product life cycle?

a. introduction b. maturity c. decay d. growth

Business