What is the purpose of the Truth-in-Lending Act? What does it provide regarding the liability of credit cardholders for unauthorized charges when a card is lost or stolen?
The Truth-in-Lending Act (TILA) is intended to assure a meaningful disclosure of credit terms so that consumers will be able to compare more readily the various credit terms available and avoid the uninformed use of credit, and to protect the consumer against inaccurate and unfair credit billing and credit card practices. The act limits the liability of credit cardholders to $50 per card for unauthorized charges made before a card issuer is notified that the card has been lost or stolen. Once a card issuer has been notified, a cardholder incurs no liability from unauthorized use.
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The break-even volume for a company is ________
A) operating income minus fixed expenses B) operating income plus fixed expenses divided by margin per unit C) fixed plus variable expenses minus sales D) fixed expenses divided by margin per unit E) company sales divided by industry sales
Answer the following statements true (T) or false (F)
1. Though research does not clearly support Maslow's theory, it reminds managers that employees have needs beyond earning a paycheck. 2. Employers need only focus on fulfilling the bottom two levels of Maslow's hierarchy of needs. 3. ERG theory assumes that three basic needs influence behavior: esteem, relatedness, and growth. 4. One difference between it and Maslow's theory is that ERG theory suggests that more than one level of needs may be activated at one time.
Include your phone number and email address in the first paragraph of your cover letter or in the closing lines below your name and signature
Indicate whether the statement is true or false
Which of the following is true of liquidation of a corporation?
A) Liquidated assets are used first to pay contract rights of shareholders. B) Common stock has a priority over stock with a liquidation preference. C) Voluntary liquidation is carried out by the corporate officers. D) A court-appointed receiver may conduct involuntary liquidation.