According to corporate charters, the legal line of authority for a company runs from the state, to directors, to managers, and to shareholders of the company in this sequence.
a. true
b. false
Answer: b. false
Business
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What proportion of U.S. organizations use social networks to find new employees?
What will be an ideal response?
Business
Which one of the following statements regarding the gross profit method is not true?
A) The gross profit method is not a practical method to use in real-world situations. B) The gross profit method is often used to estimate the year-end inventory for comparison to actual on-hand inventory. C) The gross profit method is an acceptable method to estimate the cost of inventory destroyed by a casualty. D) The gross profit method results in a less accurate inventory valuation than the retail inventory method.
Business