Which of the following is a difference between a private jury trial and summary jury trial?

A) A summary jury trial lasts only for a day, whereas a private jury trial usually lasts longer.
B) The jurors in a summary jury trial are aware that their decision is not binding, unlike in a private jury trial.
C) A summary jury trial ensures confidentiality, whereas a private jury trial does not.
D) A summary jury trial can lead to the development of a two-tier system of justice, unlike that of a private jury trial.


A

Business

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Lukey Products has an unfavorable materials usage variance. Which of the following would be the most likely reason for this variance?

A) The company under budgeted the quantity of material to be used for each unit. B) The company purchased material at a price for less than what was expected. C) The company budgeted for a lower sales volume than what actually occurred. D) The company did not use up all the material that had been purchased.

Business

Which of the following is true of covenants and conditions?

A) A covenant is a conditional promise to perform. B) A conditional promise becomes a covenant if the condition is met. C) A contract cannot contain conditions to excuse performance. D) A party cannot sue over breach of a covenant by the other party.

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Advertisements for services use tangible cues to help customers understand the intangible attributes associated with a particular service.

Answer the following statement true (T) or false (F)

Business

When a six-month option is purchased

A. The price must be paid in full B. Up to 25% of the option price can be borrowed using a margin account C. Up to 50% of the option price can be borrowed using a margin account D. Up to 75% of the option price can be borrowed using a margin account

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