Sampling can be especially important if consumers are persuaded by claims made in advertising or other channels
Indicate whether the statement is true or false
FALSE
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Any contract entered into with an unlicensed party is enforceable.
Answer the following statement true (T) or false (F)
Identify a disadvantage of piece rate plans
a. They do not provide extra recognition for producing above the minimum requirements. b. Productivity is not an important factor of such plans. c. They are not appropriate if machines, rather than people, control production speed. d. They are not suitable if the company gives a high priority to the quantity produced by each worker.
In Hughes v. Oklahoma, Oklahoma law forbid the export of natural minnows, to help protect the state's natural resources. When this law was challenged, the Supreme Court held:
a. Oklahoma has a paramount interest in preserving its natural resources, so the law stands b. Oklahoma has no interest in preserving minnows, so the law fails c. Oklahoma was improperly "taking property without compensation" d. regulation of fish falls under the Fish and Wildlife Service, so Oklahoma preempted a federal law e. Oklahoma was using a discriminatory method to achieve its conservation goals
Under a plan of complete liquidation, Coast Corporation distributes land with a $300,000 adjusted basis and a $400,000 FMV to William, a 25% shareholder. William has a $200,000 basis in his Coast stock. The land is inventory in the hands of Coast Corporation. Coast Corporation must recognize
A) no gain. B) $100,000 of ordinary income. C) $100,000 of long-term capital gain. D) $200,000 of ordinary income.