A company that is based on a direct flow of authority from the top executive to subordinates is known as a Line of Organization. In this type of organization, the decision and authority are structured<span> from the highest position down directly to its subordinates.</span>
Answer:
Albert will not have unlimited liability for either of those transactions since he is a limited partner.
Complete Question:
An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be
Answer:
TRUE
Explanation:
The reason is that the inventory system includes the management of the inventory which includes the decision making related to:
How much to purchase?
What to purchase?
When to Purchase?
When to deliver raw materials and receive the finished goods from the production house?
It also involves the control system designed to control the flow of the inventory and policies in place to maintain and manage the inventory.
So the statement is true.
Answer:
correct option is d. extended term
Explanation:
given data
pay premiums = $50,000
solution
As extended Term will allow here the amount present cash value of the policies that is buy the single premium term policy
it is the same face amount for the long time period
and here Fixed Amount will be for Settlement Option
and the Paid Up option will be Option Dividend Option
so here correct option is d. extended term
Answer:
d) The bank does not need to pay because of the fictitious payee rule.
Explanation:
Here, the instrument is issued to a payee who has no interest in instrument and thus it is referred as fictitious payee. According to UCC's fictitious payee rule, the indorsement to fictitious payee is not considered forgery. In this case, the maker or drawer of instrument is liable for it. The drawer bank and collecting bank both are not liable for it.