Informal institutions are composed of sets of
A. voluntary agreements.
B. mandatory agreements, a bit like the mind's software.
C. orthodox accords whose goal is to establish rigor.
D. agreements that are for the most part taken for granted.
Answer: A
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Firms recognize an ______________________________ when the carrying amount of a fixed asset exceeds its fair value and is deemed not recoverable
Fill in the blank(s) with correct word
Trainstar, a sportswear equipment manufacturer, releases a new line of energy drinks called VitaZing. The television ad for the energy drink shows people jogging, working out in a gym, and doing aerobics
The actors then take a break to drink VitaZing, which visibly re-energizes them and leads them to continue exercising. Which advertising style is most likely used in the VitaZing ad? A) scientific evidence B) technical expertise C) personality symbol D) testimonial evidence E) lifestyle
The static budget can be adjusted automatically for changes in the level of output
Indicate whether the statement is true or false
John's brother, Phil, loaned him $10,000 to start his business. John didn't do too well and planned to file for bankruptcy. In May, he gave Phil his car worth $8,000 to satisfy the debt. John filed his petition in November. After liquidation, if the car were included in his assets, every unsecured debtor would have received 85% of the debt owing to him. Will this be a voidable preference?
a. Yes, since Phil is an insider. b. No, because the transfer was made more than 90 days prior to filing. c. Yes, because the transfer was made within the prior year. d. No, because Phil did not receive preferential treatment over other creditors.