Larue buys aniPod for $150 and a new laptop for $1,200, and signs a one-year employment contract for a $4,800 monthly salary to start at the beginning of the next month. The Statute of Frauds covers
a. the employment contract, and the laptop and iPod purchases.
b. the employment contract and the laptop purchase only.
c. the employment contract only.
d. the laptop and iPod purchases only.
B
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A thank-you e-mail message is just as memorable as a thank-you letter.
Answer the following statement true (T) or false (F)
Which of the following statements about combined (operating & financial) leverage is true?
A) Usage of both operating and financial leverage reduces a firm's risk. B) If a firm employs both operating and financial leverage, any percent change in sales will produce a larger percent change in earnings per share. C) A firm that is in a capital-intensive industry should use a higher level of financial leverage than a firm that employs low levels of operating leverage. D) High operating leverage and high financial leverage offset one another, meaning that if sales increase by 10%, then EPS will also increase by 10%.
If an agency relationship did not establish a rate of compensation for the duties of the agent, the principal must pay the "customary" rate for such services
a. True b. False Indicate whether the statement is true or false
In regression analysis, qualitative variables are sometimes referred to as:
a. response variables. b. dummy variables. c. nonsense variables. d. dependent variables.