Over the course of a year, Retail Market, Inc., sells goods from its inventory and one of its warehouses. In exchange, Retail receives checks and other items that substitute for cash, which Retail uses to repay a loan from Savers Bank. Article 2 of the UCC governs

A. the checks.
B. the payment of the loan.
C. the sale of the buildings.
D. the sale of the goods.


Answer: D

Business

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The theft of trade secrets is a federal crime

Indicate whether the statement is true or false

Business

Echo Air Company (EAC)Echo Air Co. is a well-known establishment in the airline business. It is currently one of the top firms in the industry. The company prides itself on good customer service and being concerned with the broader societal good. EAC management is not only concerned with doing things right, but also with doing the right things. Many of their decisions reflect this philosophy. Initially, the company had a problem with employees reporting their suspicions about unethical behavior to the press instead of to EAC management. As a result, the company made sure its employees knew the firm's guidelines on fixing ethical issues. EAC also developed a code of conduct based on standards that continue to be upheld within the company. Since the code of conduct has been put in place,

there have been fewer ethical violations.Although employee salaries at EAC are not as high as those at competing firms, the company experiences very low employee turnover. The firm has created a corporate culture that not only makes its employees want to stay, but that also results in higher profits. If EAC can maintain the relationship it has built with its employees and customers, it will have little difficulty keeping up its remarkable success. ? Refer to Echo Air Company. EAC's creation of its code of conduct demonstrated its application of moral standards to business situations, which is also known as A. moral responsibility. B. social consciousness. C. social responsibility. D. moral consciousness. E. business ethics.

Business

Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $43,325 and is paid biweekly. What is his Social Security tax deduction for each pay period? (Do not round interim calculations, only round final answer to two decimal points.)

A) $123.95 B) $103.31 C) $98.67 D) $106.34

Business

Under SOX, the Chief Executive Officer and Chief Financial Officer must sign off on:

A) all annual reports by the company. B) all quarterly reports by the company. C) all annual and quarterly reports by the company. D) the external auditor's opinion.

Business