Merc Enterprise is an independent distributor that distributes coffee machines and water purifiers to firms on a large scale. In addition to taking legal possession of the goods it distributes, the company also provides a complete array of services that includes warehousing, shipping, product repairs, and credit to its business buyers. In this scenario, it can be said that Merc Enterprises is a(n) _____.
A. store retailer
B. broker
C. agent
D. merchant wholesaler
Answer: D
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A. openness B. neuroticism C. social status D. extraversion
In this scenario, which of the following is an example of primary data?
A) list of corporations obtained from the Chamber of Commerce B) information obtained from competitors' pamphlets C) data obtained from the surveys conducted in the 75 companies D) information obtained from the Internet about current market trends E) data obtained from competitors' Web sites
To sustain a case of fraud in the inducement, the injured party must prove that he actually relied upon the false representation
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Zoe Ann transfers machinery having a $36,000 adjusted basis and a $70,000 FMV for all 100 shares of Zeema Corporation's stock. Before the transfer, Zoe Ann used the machinery in her business. She originally paid $50,000 for the machinery and claimed $14,000 of depreciation before transferring the machinery. Zoe Ann recaptures no depreciation on the transfer and the recapture potential is
transferred to Zeema Corporation. Zeema sells the machine for $66,000 after it had depreciated the machine an additional $4,000. What is Zeema's gain on the machine and what is its character? What will be an ideal response?