Answer the following statement(s) true (T) or false (F)
A good trait for an entrepreneur is to be a calculated risk taker.
ANSWER: True
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Explain the main key points regarding asset and liability measurement made in SFAC No. 7.
What will be an ideal response?
Incidental damages include all reasonable costs or expenses associated with the delay in receiving goods from a breaching seller
a. True b. False Indicate whether the statement is true or false
A woman has a difficult time with her pregnancy. She uses up all her leave time and sick time. She then often comes to work late or leave early due to feeling badly. Under the Pregnancy Discrimination Act, her employer must give her additional time off:
a. with pay, only if a physician recommends that b. with pay, if she provides medical evidence that it is necessary c. with pay, by extending her sick time and leave time, as required by law d. with pay, if she requests it, so long as she is pregnant e. none of the other choices
In Whalen v. Union Bag & Paper Co, where a paper mill polluted a farmer's creek so he sued to stop the pollution, the appeals court noted that:
a. if courts refused to grant injunctions when the damage to the plaintiff is slight compared with the defendant's expense of abating the condition, it would favor the poor litigant over rich defendants b. if courts refused to grant injunctions when the damage to the plaintiff is slight compared with the defendant's expense of abating the condition, it would deprive the poor litigant of his little property by giving it to those already rich c. if courts refused to grant injunctions when the damage to the plaintiff is slight compared with the defendant's expense of abating the condition, it would increase pollution d. if courts refused to grant injunctions when the damage to the plaintiff is slight compared with the defendant's expense of abating the condition, there would be no more pollution suits e. if courts refused to grant injunctions when the damage to the plaintiff is slight compared with the defendant's expense of abating the condition, it would unfairly favor low income plaintiffs