Humor is one of the three domains of creativity.

If Jay signs Mila's name to a negotiable instrument without Mila's authorization or approval:

A) the signature is not effective as the signature is of the unauthorized signer.
B) the signature cannot be ratified later by the person represented.
C) the signature does not bind the person whose name appears.
D) Jay is not liable on the check.

Many organizations today measure their training in terms of its return on investment.

The classical dichotomy is useful for analyzing the economy because in the long run nominal variables are heavily influenced by developments in the monetary system, and real variables are not.

Which of the following describes the transaction resulting in a journal entry with a debit to Wages Payable and a credit to Cash?

A) Wages expense has been incurred but is unpaid.
B) Cash was used to pay for wages that were previously recorded as an expense.
C) Cash was used to pay for wages that were not previously recorded as an expense.
D) Cash was used to prepay employee wages.

What is a disadvantage associated with the seven-step recovery diagram?