Olivia files a suit against Parker. If this suit is like most cases, it will be
A. dismissed during a trial.
B. dismissed or settled before a trial.
C. resolved only after a trial.
D. settled at a trial.
Answer: B
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When a Statement on Auditing Standards uses the word "should" relating to a requirement, it means that the auditor:
A. Should consider whether to follow the advice based on the exercise of professional judgment in the circumstances. B. Must comply with requirements unless the auditor demonstrates and documents that alternative actions are sufficient to achieve the objectives of the standards. C. Must fulfill the responsibilities under all circumstances. D. May choose to change responsibilities relating to various professional standards that remain under consideration.
In the sentence The employees with the most seniority are Rachel and Joe, the verb are is ____
A) transitive B) intransitive C) linking D) helping
Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters
Quarter Demand Previous quarter's output 1500 units 1 1300 Beginning inventory 200 units 2 1400 Stockout cost $50 per unit 3 1500 Inventory holding cost $10 per unit at end of quarter 4 1300 Hiring workers $4 per unit Laying off workers $8 per unit Unit cost $30 per unit Overtime $10 extra per unit Which of the following production plans is better: Plan A—chase demand by hiring and layoffs; or Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime?
The market yield on Spice Grills' bonds is 15%, and the firm's marginal tax rate is 33%. What is their shareholders' required return if the equity risk premium is 4%?
A) 15% B) 11% C) 14% D) 19% E) 12%