Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre- approve the trades that James makes, only trades for more than $20,000 . Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange." Ellen learns that since signing
her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money. After Ellen receives her determination from the arbitrators, James decides that the arbitrator was wrong in his understanding of the brokerage agreement. James decides to appeal the decision of the arbitrators. In this case:
a. he may not appeal the decision
b. only Ellen may appeal the decision
c. he may appeal to a court, but he is unlikely to win
d. he may appeal only to the New York Stock Exchange e. none of the other choices
c
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A company borrows $40,000 and issues a 3-year, 10% installment note with interest payable annually. The factor for the present value of an annuity at 10% for 3 years is 2.4869. The factor for the present value of a single sum at 10% for 3 years is 0.7513. The amount of the annual interest payment is $16,084.28.
Answer the following statement true (T) or false (F)
Lexi wants to find the perfect gift for her older sister's college graduation. She started looking for the gift last month and expects to spend another couple of weeks to find a gift her sister will use and like. Lexi is engaging in
A. integrated problem solving. B. routine problem solving. C. problem recognition. D. limited problem solving. E. extended problem solving.
Which of the following is true of capital contribution to an LLC (limited liability company)?
A) Capital contribution can only be in the form of money or tangible property. B) Promissory notes are not considered capital contribution. C) A member's obligation to contribute capital is excused by the member's disability or other inability to perform. D) A member's obligation to contribute capital is not excused by the member's death.
The silverback gorilla is considered by its family group as the one in charge because of his formal place in the family hierarchy. The group looks to him for guidance on eating and sleeping locations, when it is time to move, and to settle family disputes. The silverback can be described as having
a. Legitimate power b. Referent power c. Reward power d. Personal power