If a salesperson says, "This is a great car and it's really fun to drive," but the car turns out to be a lemon, the salesperson has committed fraud.
Answer the following statement true (T) or false (F)
False
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MegaCorp occasionally sells products in Michigan. It does not have an office in that state and does not advertise in Michigan. The company's marketing representatives are based in New York but do travel to Michigan once a year to attend a trade show. Which statement is correct?
a. MegaCorp must register in Michigan because its sales representatives attend a trade show in Michigan. b. MegaCorp is not required to register in Michigan because it does not have an ongoing presence in Michigan. c. MegaCorp must register in Michigan because its actions qualify as doing business. d. Whether MegaCorp has to register in Michigan depends on where its shareholders reside.
In applying risk-adjusted discount rates to project selection, projects falling above the SML would have a positive NPV and those falling below the SML would have a negative NPV
Indicate whether the statement is true or false
State-owned investment funds that manage global portfolios of investment assets are known as
A) hedge funds. B) sovereign wealth funds. C) city-state pensions. D) multinational mutual funds.
Which of the following does not terminate a trust?
A) Death of the beneficiary B) The trustee acquires both equitable and legal title to the trust corpus C) Occurrence of a date established in the trust instrument D) Fulfillment of the trust purpose