The power of judicial review:
a. is part of the system of separation of powers.
b. was first recognized in the case of Marbury v. Madison.
c. is expressly found in the original articles of the Constitution.
d. was first recognized in the case of Brown v. Board. of Education.
b
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Porter Co. is analyzing two potential investments. Project XProject YCost of machine$68,000 $60,000 Net cash flow: Year 1 24,000 4,000 Year 2 24,000 26,000 Year 3 24,000 26,000 Year 4 0 20,000 If the company is using the payback period method and it requires a payback of three years or less, which project(s) should be selected?
A. Project Y. B. Project Y because it has a lower initial investment. C. Both X and Y are acceptable projects. D. Project X. E. Neither X nor Y is an acceptable project.
On January 1, Year 1, Weller Company issued bonds with a $230,000 face value, a stated rate of interest of 10.00%, and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.00%. Interest is paid annually on December 31.Assuming Weller issued the bond for $248,240, what is the amount of interest expense that will be recognized during Year 3? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
A. $19,859 B. $26,663 C. $19,337 D. $23,000
One of the reasons it is said that only the investment banker wins when a company is acquired is that they
A. assure the newly acquired company will be successful. B. collect huge up-front fees regardless of the outcome afterwards. C. continue to work with the two companies involved. D. monitor the progress of both companies for long term growth.
Which of the following statements is true about superagencies?
A. Advertisers who became disenchanted with the superagencies moved to smaller agencies that were flexible and more responsive. B. They were formed so that agencies could provide clients with effective supply chain management. C. Advertisers who generally worked with superagencies converted them into in-house agencies to gain greater flexibility and objectivity. D. They were formed so that agencies could provide clients with just-in-time inventory management systems. E. They were formed when large advertising agencies were broken down into smaller, more specialized agencies.