Earnest money indicates that the purchase offer was made in good faith

Indicate whether the statement is true or false.


TRUE

Business

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The primary difference between ordinary and extraordinary repairs is that extraordinary repairs

A) are an expense of the current period. B) are periodic in nature. C) are necessary to maintain the asset in good operational condition. D) extend the useful life or increase the residual value of the asset.

Business

Mary, Harold, Harvey, and William form an LLC (limited liability company) by contributing $20,000, $50,000, $55,000, and $150,000, respectively. The LLC is designated to be member-managed

When a decision is put to vote, Mary, Harvey, and Harold vote "yes," whereas William votes "no." Which of the following is true in this context? A) William's decision prevails as he has invested the maximum capital. B) No conclusion can be derived as the vote is not unanimous. C) Mary, Harvey, and Harold's decision prevails due to simple majority. D) The decision is put to vote among the employees of the company.

Business

Very large retail stores that carry not only foods but all goods and services that consumers purchase routinely are called

A. mass-merchandisers. B. supermarkets. C. general stores. D. supercenters. E. department stores.

Business

In the context of making a career choice,following one's passion guarantees a fat paycheck.

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

Business