true or false

b. Applies to independent agencies but not executive branch agencies c. Applies to all federal agencies d. Does not apply to federal agencies TRUE FALSE (2 points each) 1. The acquisition of a single share of stock makes one an owner of the corporation. 2. 3. 5. 6. Able the Accountant receives a subpoena from the IRS for his work papers for Claude the Client. Able can refuse to produce the work papers on the ground of accountant-client privilege. The most common form of business ownership in the United States is the sole proprietorship. The CEO of a corporation is legally prohibited from owning shares in the corporation A franchisor is liable for the torts of its franchisee. A proxy card authorized another person to vote the shareholder's shares of stock. A corporation can lose a corporate opportunity by refusing to act on it. Under the exhaustion doctrine, a party is required to exhaust all administrative remedies before seeking judicial review. GAAS, or generally accepted auditing standards, are established by The Financial Accounting Standards Board. Able and Baker are partners. If Able steals a client's money without the knowledge of Baker, both Able and Baker are liable to the client for its losses. 7. 8. 9. 10. 5 what Arabian Ahmad met at it. the terms of marriage M a wedding date of