How are the justices of the U.S. Supreme Court appointed?
A) They are nominated by the president and confirmed by the U.S. Senate.
B) They are appointed by the president of the United States.
C) They are nominated and confirmed by the Chief Justice of the U.S. Supreme Court.
D) They are nominated by the Associate Justices and confirmed by the Chief Justice of the U.S. Supreme Court.
A
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Entrepreneurs in the ________ quadrant of firm growth possess the abilities to grow but do not aspire to grow their businesses.
A. actual growth B. little potential C. constrained growth D. unused potential for growth
Strategic groups are clusters of firms that share ________ strategies.
A. new B. similar C. differing D. the same
Sara holds 1,000 shares of stock in Olive, Inc, which she purchased, based upon the financial statements that Adam had prepared. She now realizes that the statements were false and wants to sue Adam for common law fraud. What is Adam's best defense?
A) Sara lacks privity of contract. B) Adam gave a broad disclaimer as part of the financial statement. C) The false statements were immaterial. D) Olive, Inc contributed to the misstatement.
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 66,000 labor-hours. The estimated variable manufacturing overhead was $8.41 per labor-hour and the estimated total fixed manufacturing overhead was $1,533,180. The actual labor-hours for the year turned out to be 68,400 labor-hours. Required:Compute the company's predetermined overhead rate for the recently completed year.
What will be an ideal response?