ACC497 Model Business Corporation Act
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
ACC497 Model Business Corporation Act
The uniform law, issued in 1984 by the Committee on Corporate Laws of the American Bar Association, that regulates the formation, operation, and termination of corporations is
A.The Model Business Corporation Act
B.The Uniform Commercial Code
C.The Revised Model Business Commercial Code
D.The Standard Incorporation Act
2) Which of the following statements is true?
A.The exchange of stock for services rendered is not a taxable transaction.
B.The repeal of Sec. 351 would result in more existing businesses being incorporated.
C.Section 351 was enacted to allow taxpayers to incorporate without incurring adverse tax consequences.
D.Section 351 is an example of a negative aspect of the corporate form of business organization.
3) Which of the following statements is true?
A.Formation of a partnership requires legal documentation. ACC497 Model Business Corporation Act
B.An individual engaged in the active conduct of a business must elect not to be taxed as a partnership.
C.If two people (or business entities) work together to carry on any business or financial operation with the intention of making a profit and sharing that profit as co-owners, a partnership exists for federal income tax purposes.
D.The partnership form of business creates double-taxation because individual partners are taxed, and the partnership is also taxed as a separate legal entity.
4) What effect would a decrease in interest rates by the Federal Reserve most likely have in the nation’s manufacturing sector, all other factors remaining constant?
A.An increase in both production and employment
B.A decrease in both production and employment
C.An increase in production but a decrease in employment
D.A decrease in production, but an increase in employment
5) A table that shows the relationship between the price of a good and the quantity demanded of that good is called
A.a price-quantity table
B.a complementary table
C.a demand schedule
D.an equilibrium schedule
6) If policymakers increase aggregate demand, the price level
A.falls, but unemployment rises
B.and unemployment fall
C.and unemployment rise
D.rises, but unemployment falls
8) Financial service
A.is concerned with the duties of the financial manager
B.involves the design and delivery of advice and financial products
C.provides guidelines for the efficient operation of the business
D.handles accounting activities related to data processing
9) As the interest rate increases for any given period, the future value interest factor will
D.move toward 1
10) The specific cost of each source of long-term financing is based on ________ and ________ costs.
C.before-tax; book value
11) At the operating break-even point, ________ equals zero.
B.fixed operating costs
C.variable operating costs
D.earnings before interest and taxes
12) Justifying expenditures for new technologies is especially difficult because
A.you do not know how many jobs will be affected
B.expenses are often recurring and are difficult to estimate
C.many benefits are intangible and are not easily known or measured
D.justifying a new technology is no different from any other capital budgeting problem
13) The hardware of a computer system includes the computer itself and other devices that help the computer perform its tasks. These other devices are commonly also called
14) Software that enables businesses and government agencies to transmit and manipulate financial data on an organization-wide basis best describes
C.enterprise resource planning (ERP) software
16) What would be the best explanation for the absence of complete information on computer crime?
A.Abuse is handled as an internal matter
B.Hesitant disclosure of abuse due to embarrassment
C.Documentation of abuses hasn’t caught up with actual abuses
D.Most computer crime is not caught
17) Which of the following processes would be accounted for using a job order cost system?
B.Town home production
D.Canned spinach production
ACC497 Model Business Corporation Act
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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