The phrase "piercing the company veil" applies to which type of organization?
A) a close corporation
B) a general partnership
C) a limited liability company
D) an S corporation
C
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Top managers often use a(n) ________ system, which provides summary graphics and a user-friendly interface that aids in decision analysis.
A. e-commerce B. executive support C. expert support D. enterprise resource management E. transaction-processing
Which of the following statements is true of the patent period in the United States?
A. It follows the first-to-file rule. B. The patent term begins to run from the date the patent application is filed. C. The patent term begins to run from the date the patent is issued. D. The patent period for an invention is 17 years.
Which of the following is true with regard to the new engine, upholstery, and stereo player the thief installed in John's car?
A) These improvements have to be returned to the thief. B) These improvements now rightfully belong to John. C) The improvements have to be paid for by John if he wants to retain them. D) The improvements will be confiscated by the police.
When part of a progress payment for construction is withheld until final settlement of the contract, what account is credited?
A. Appropriations. B. Contracts Payable-Retained Percentage. C. Construction Expenditures. D. Encumbrances.