Bob Is the Promoter of a New Corporation That Has

question 51

True/False

Bob is the promoter of a new corporation that has not yet been incorporated. On behalf of the as yet unincorporated business, he enters into a three-year lease agreement for office space and personally signs the lease in his own name. The corporation is liable on the contract, because Bob is its agent.

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Definitions:

SUMIFS

A function in Excel that adds all of its arguments that meet multiple criteria.

Trig Functions

Mathematical functions related to angles of triangles, including sin, cos, and tan.

CONCAT

A function in many programming languages and databases used to join two or more strings together.

Statistical Functions

Functions built into software that perform calculations on data sets for the purpose of statistical analysis, such as mean, median, variance, and standard deviation.