Customs is barred from bringing a civil action to collect an import duty after:

A) three years
B) one year.
C) five years.
D) four years.


C

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Under the doctrine of cy pres, when the settler has not specifically provided for a substitute beneficiary, the:

A. trust will automatically fail. B. court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention. C. original beneficiaries can use the property for a charitable purpose. D. court will direct that the property be handed over to the government for administrative purposes.

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What is the ultimate reason for trading equity for financial support?

a. it is more likely that the entrepreneur will build a more valuable company b. it is usually a deal/no deal option c. there will be more people interested in the company’s success d. preparing for the questions asked in pitching and due diligence will ultimately improve the company

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Outsourcing production may increase a firm's flexibility in some ways, but it may also make production costs higher and quality control more difficult.

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

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If total assets are $8,000, what is the common-size figure of Cash, assuming that Cash has a balance of $3,000? (Round your final answer to the nearest percentage.)

A) 267% B) 100% C) 38% D) 63%

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