If a contract is required to be in writing under the Statute of Frauds but is not, the contract is ________.
A. executed
B. unilateral
C. unenforceable
D. formal
Answer: C
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The Big Mac Index shows that the price of the Big Mac in China converted from the local currency, the yuan, to be $2.18, whereas its price in the United States is $3.73. This shows that:
A) the Big Mac is more popular in China than in the United States. B) the Big Mac is less expensive in the United States than in China. C) the Chinese yuan is overvalued when compared to US $. D) the Chinese yuan is undervalued against the US $. E) beef is less expensive in China than in the United States.
______ is simply the existence of differences—in human resource management, it deals with different types of people in an organization.
A. Affirmative action B. Innovation C. Diversity D. Creativity
The Western and Pacific Railroad has two divisions, the Western Division and the Pacific Division. The company recently invested $7,600,000 to maintain its railroad track. Pertinent data for the two divisions are as follows:Total Miles Traveled: Western Division760,000?milesPacific Division1,160,000?milesThe amount of track improvement cost that should be allocated to the Western Division is: (Round intermediate calculation to 1 decimal place.)
A. $3,040,000. B. $480,000. C. $380,000. D. $459,167.
Clearing houses are
A. Never used in futures markets and sometimes used in OTC markets B. Used in OTC markets, but not in futures markets C. Always used in futures markets and sometimes used in OTC markets D. Always used in both futures markets and OTC markets