Major source(s) of international commercial law is (are):
a. decisions of the Permanent Court of Commercial Justice b. commercial laws of individual countries
c. trade agreements
d. commercial laws of individual countries and trade agreements
e. decisions of the Permanent Court of Commercial Justice and commercial laws of individual countries and trade agreements
d
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When making a decision to discontinue an operating segment, avoidable fixed costs are not considered
Indicate whether the statement is true or false
John Prentice is one of two general managers of Cogrot Inc His salary is $75,000 per year. Because of financial reverses, Prentice's position is eliminated and he is offered a job with Cogrot as a salesperson at a salary of $60,000 per year
Prentice refuses. Which of the following is true? A) The offer of a job as a salesperson was constructive dismissal. B) The offer of a job as a salesperson was a reasonable response by the employer to its financial circumstances, and Prentice must accept it. C) Prentice must accept the new position as part of his duty to mitigate. D) Because of the offer of an alternative position, there has been no dismissal. E) Both B and C
Starwood Corporation has current assets of $200,000, total current liabilities of $750,000 net credit sales of $1,300,000, beginning accounts receivable of $65,000 and ending accounts receivable of $69,000. What is Starwood's accounts receivable turnover?
A. 5.8 times B. 21.8 times C. 22.4 times D. 19.4 times
Which of the following is an example of private insurance?
A) unemployment insurance B) Social Security C) life insurance D) federal deposit insurance