A delivery truck owned by Martin's Lumber backed into a car owned by Bonnie. Bonnie asked Martin's Lumber to pay for the repairs to her car. Bonnie is asking for _____ damages.
A. exemplary
B. noneconomic
C. compensatory
D. punitive
Answer: C
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Which of the following is an example of a contingent liability?
a. A liability for notes payable with interest included in the face amount. b. The liability for future warranty repairs on computers sold during the current period. c. A lawsuit pending against a restaurant chain for improper preparation of food. d. A corporate long-term employment contract with the chief executive officer.
An individual who is able to apply the most advanced type of reasoning and relies on universal values and principles is applying which level of ethical decision-making?
A. level 1: preconventional thinking B. level 2: conventional thinking C. level 3: postconventional or principled thinking D. level 4: graduated level of thinking
Preparing for an interview takes____ of time, patience, and practice
A) alot B) allot C) a lot
Segmental Manufacturing owns 35% of Glesson Corp stock. Glesson pays a total of $47,000 in cash dividends for the period. Segmental's entry to record the cash dividend received from Glesson would include a:
A. Credit to Equity Method Investments for $16,450. B. Debit to Equity Method Investments for $16,450. C. Credit to Cash for $16,450. D. Credit to Investment Revenue for $47,000. E. Debit to Cash for $47,000.