A change in contract law between the nineteenth and twentieth centuries was:
a. a relaxation of requirements of contract formation.
b. an increase in technical requirements for contract formation.
c. a movement toward enforcement of promises only if there was strict compliance with basic contract requirements.
d. increasing difficulty for parties to get out of a contract.
a
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The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $3,000. Net sales for the year were $500,000. In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $20,000 of uncollectible accounts receivable. Using the percentage of net sales
method, the Allowance for Uncollectible Accounts balance (after adjustment) would be A) $12,000. B) $15,000. C) $18,000. D) $20,000.
FCPA includes
A. all accounting processes, including the accounting of transfer payments. B. foreign tax liabilities and other adjustments specific to business outside of the home country. C. uncertainties that make its application problematic. D. specific explicit rules with clear definitions of terms that U.S. companies must follow in their foreign operations.
_____________ is the idea that we are restricted by a variety of constraints when it comes to making decisions.
a. Essential rationality b. Bounded rationality c. Complete rationality d. Instrumental rationality
______ is an innovation hub for firms in the pharmaceutical industry.
a. Sweden b. United States c. Finland d. Australia