Assuming concurrent jurisdiction, which of the following is not an example of when federal preemption exists?
a. The federal government establishes a comprehensive scheme to regulate the area.
b. Congress expressly preempts the area through legislation.
c. The federal government regulates the area before the state.
d. State law is inconsistent with federal law.
c
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Enlightened self-interest, an important justification offered for corporate social responsibility (CSR), presumes that:
A. profits are independent of ethics. B. good ethics can also be good business. C. measurement of bottom-line impact of ethical decision making is unimportant. D. bottom-line impact of ethical decision making can be measured and compared.
The denominator of the rate of return on total assets ratio is the average total assets
Indicate whether the statement is true or false
At what rate must $287.50 be compounded annually for it to grow to $650.01 in 14 years?
A) 6 percent B) 7 percent C) 5 percent D) 8 percent
In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and the value of the land declined to $60,000. Michael sells the property in this year, when it is subject to a $30,000 nonrecourse mortgage. The buyer pays Michael $34,000 cash and takes the property subject to the mortgage. Michael incurs $5,000 in real estate commissions. Michael's gain or loss on the sale is
In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and the value of the land declined to $60,000. Michael sells the property in this year, when it is subject to a $30,000 nonrecourse mortgage. The buyer pays Michael $34,000 cash and takes the property subject to the mortgage. Michael incurs $5,000 in real estate commissions. Michael's gain or loss on the sale is
A) $4,000 gain.
B) $1,000 loss.
C) $36,000 loss.
D) $41,000 loss.