Joshua runs a cattle breeding business and owes the LeBron Ranch $1,000. Joshua agrees to pay the
Question:
Joshua runs a cattle breeding business and owes the LeBron Ranch $1,000. Joshua agrees to pay the LeBron a percentage of his profits each month until the debt is paid. This agreement is
A. a delegation
B. a partnership
C. a delegation
D. a shareholder
2.
Susie and Reggie form Justin Bieber, Inc. Ultimate responsibility for policymaking decisions necessary to the management of the corporation rests with Justin Bieberâs
A. Incorporators
B. Officers
C. Shareholders
D. Board of Directors
3.
Melissa is a junior partner in a law firm. As a partner, she has a right of inspection that permits her to review
A. the clothing worn by the staff
B. partnership books and records
C. the tax returns filed by other partners
D. any and all client files
4.
Cortina Corporation handles investment accounts for small to medium size employers. In most circumstances the law would prohibit Cortina from subjecting its employees to
A. drug tests
B. electronic monitoring
C. lie-detector tests
D. searches of their desks, filing cabinets, or officers
5. For the Age Discrimination to apply
A. the age discrimination must have been intentional
B. the employee must be at least 25 years old
C. the age discrimination cannot be intentional
D. the employee must be at least 40 years old
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines