The party claiming incapacity, or the lack of legal ability to create a contract:

a. does not have the burden of proving it b. has the burden of proving it
c. must have at least 3 witnesses who can testify on his behalf d. must claim incapacity before acceptance
e. must claim incapacity before the discovery stage of a trial


b

Business

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Setting goals and deciding how to achieve them is called   

A. controlling. B. managing. C. planning. D. organizing. E. leading.

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Applying the lower-of-cost-or-market rule follows which of the following accounting conventions?

A) Full disclosure B) Matching C) Materiality D) Conservatism

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Describe how team conflict affects team performance.

What will be an ideal response?

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A firm must pay all current and previously postponed preferred dividends before it can pay any dividends on common shares, thus the preferred shares have the feature called

a. convertible dividend rights. b. noncumulative dividend rights. c. cumulative dividend rights. d. callable dividend rights. e. participating dividend rights.

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