An offer cannot stipulate that acceptance must be by a specified means of communication
Indicate whether the statement is true or false
FALSE
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Which of the following is true of the credit crunch that occured in the U.S. economy in the early 1990s?
A. The credit crunch affected only big business firms. B. Small business firms that were unable to obtain bank loans were most affected during the credit crunch. C. The main reason behind the credit crunch was the dramatic decline in housing prices. D. The government bailed out many of the financial firms that were affected by the credit crunch.
Which statement is true about the Fair Labor Standards Act (FLSA)?
A. The overtime rate under the FLSA is two and a half times the employee's hourly rate. B. Under the FLSA, executive, professional, and administrative employees are considered nonexempt employees. C. The FLSA permits a subminimum training wage equal to 95 percent of the minimum wage. D. The FLSA permits federal contractors to pay less than the prevailing wage rate. E. Nonexempt employees are covered by FLSA and include most hourly workers.
______________________________ refers to the number of different processes through which a product flows
Fill in the blank(s) with correct word
The provisions of U.S. GAAP require firms to classify marketable securities into which categories?
a. Debt securities held to maturity for which a firm has both the intent and the ability to hold to maturity—shown on the balance sheet at an amount based on acquisition cost, but subject to impairment. b. Debt and equity securities held as trading securities shown on the balance sheet at fair value, with changes in fair value of securities held at the end of the accounting period reported each period in net income. c. Debt and equity securities held as securities available-for-sale shown on the balance sheet at fair value, with unrealized changes in fair value of securities held at the end of the accounting period included in other comprehensive income, and realized changes in fair value included in net income when a firm sells the securities. d. all of the above e. choices a and b, only.