In CASE 4.2 Brown v. Entertainment Merchants Association (2011), involving the issue of whether a California statute could prohibit the sale or rental of graphically violent video games to minors, what was the holding of of U.S. Supreme Court?
a. That the law was valid because the video games did not qualify for First Amendment protection.
b. That the law was valid because minors are not entitled to First Amendment protection.
c. That the law was invalid because the state could not establish a rational basis for it.
d. That the law was invalid because the state could not satisfy the strict scrutiny test applied.
d
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Accounts receivable usually are factored
a. with recourse on a notification basis. b. with recourse on a no-notification basis. c. without recourse on a notification basis. d. without recourse on a no-notification basis.
The rapid expansion of world exports since 1980 demonstrates that
A. businesspeople can expect to meet lower levels of competition in their domestic markets. B. domestic business cannot compete with cheap imports. C. the opportunity to increase sales by exporting is a viable growth strategy. D. companies that do not export will probably not survive. E. jobs will inevitably decline in developed countries due to import competition.
Research on family firms demonstrates which of the following facts?
a. Only 16 percent make it to a third generation. b. Many family firms cease to exist after one month. c. Only 9 out of 10 make it to a second generation. d. Only 3 percent make it to the next generation.
Efrain owns 1,000 shares of RJ Inc. common stock which he purchased three years ago for $36,000. Efrain sells the 1,000 shares on October 15, 2018, for $10,000. On November 12, he purchases 400 shares of RJ Inc. preferred stock for $8,000. Efrain's recognized loss on the sale of the 1,000 shares will be
A) $0. B) $10,400. C) $15,600. D) $26,000.