________ is a body of laws passed by federal, state, and local governments.

A. Statutory law
B. Police law
C. Judicial law
D. Common law


Answer: A

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In comparing the current ratios of two companies, why is it invalid to assume that the company with the higher current ratio is the better company?

a. The two companies may be different sizes. b. A high current ratio may indicate inadequate inventory on hand. c. The two companies may define working capital in different terms. d. A high current ratio may indicate inefficient use of various assets and liabilities.

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Which law prevents discrimination against an individual with AIDS and requires reasonable workplace accommodations for that employee?

a. the Civil Rights Act b. the Health and Safety Act c. the Fair Labor Standards Act d. the Social Security Act e. the Americans with Disabilities Act

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When a corporation earns profits, it must distribute them to shareholders.

Answer the following statement true (T) or false (F)

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The act of going from a single system to ________ component processes is called (functional) decomposition

A) Two B) Three C) Four D) Six

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