In Narayan v EGL, Inc, the plaintiffs weredrivershired in California by a Texas firm, which had them sign independent contractor agreements under Texas law. They sued, contending they were employees, entitled to overtime pay and other benefits, and summary judgment was entered against them because of the independent contractor agreement. They appealed, and on appeal, the court ruled:
a. that they were independent contractors, because they signed the independent contractor agreement
b. that they were employees, because Texas law did not apply in California
c. that summary judgment was vacated, and the case remanded for trial, since a jury could reasonably determine from the evidence that they were employees
d. none of these
C
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Last year Frye Company's cash account increased by $17,000. Net cash flows from investing activities was ($40,000). Net cash flows from financing activities was $2,000. On the statement of cash flows, the net cash flows from operating activities was:
A) $17,000. B) $(21,000). C) $55,000. D) $(38,000).
Kevin is recognized by his friends as an activist on many fronts. He prefers to buy products from firms that will donate part of the total purchase price to organizations he supports. Marketers recognize that this approach can be an important competitive tool; it is called
A. voluntary premium pricing. B. business/social responsibility. C. social activist marketing. D. cause-related marketing. E. the do-gooder syndrome.
Suppose the annual rate of return is 15 percent. At this rate, when will Enrique reach the $500,000 mark?
A) Age 45 B) Age 58 C) Age 65 D) Age 70
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