Which of the following is true of the Restatements of the Law?
A) The have the full force and effect of any other federal statute or regulation.
B) They are often relied upon by the courts when making decisions.
C) They are based on previous case decisions issued by the U.S. Supreme Court.
D) They cover only the legal subjects of contracts, torts, and agency.
A
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The speech to persuade is designed primarily to ______ the thoughts and/or the behaviors of receivers.
Fill in the blank(s) with the appropriate word(s).
Which of the following accounting changes requires the restatement of financial statements presented for prior years?
a. A change in depreciation method from the straight-line method to the double-declining-balance method b. A change from the LIFO to the FIFO inventory valuation method c. A change from the FIFO to the LIFO inventory valuation method d. A change in the useful life used in the depreciation calculations for a company's manufacturing equipment
Tangible property, such as automobiles, furniture, and equipment, and intangible property, such as securities, patents, and copyrights, are collectively referred to as ________
A) real property B) immovable property C) personal property D) fixtures
When consumers are optimistic about the overall state of the economy, their ________ ________ will be high and they will tend to purchase more.
Fill in the blank(s) with the appropriate word(s).