Which of the following is an indication of how efficiently a firm is using its resources?
A) Earnings per share
B) Debt
C) Activity ratio
D) Leverage
E) Profitability
Answer: C
Explanation: C) The efficiency with which a firm uses resources is linked to profitability. Information obtained from financial statements can be used for activity ratios to measure this efficiency.
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Drop shipping is the process of capturing value from and/or properly disposing of merchandise returned by customers and/or stores.
Answer the following statement true (T) or false (F)
Some support personnel, such as trade salespeople, may perform order-taking functions in addition to support functions.
Answer the following statement true (T) or false (F)
The National Association of Insurance Commissioners (NAIC) administers an "early warning system" to help ensure insurance company solvency
This system uses data provided in the annual statement to identify companies that may pose a solvency risk. This early warning system is called A) the risk-based capital requirements. B) an insurance guaranty fund. C) the Insurance Regulatory Information System (IRIS). D) the assessment method.
In Thayer v. Hollinger, Hollinger owned land next to lakeshore lots that he developed. He shared a common road with the lakeshore lot owners who used trails on his property that were accessed from the road. Hollinger claimed he could block use of the trails. The lot owners claimed an easement to use the trails. The courts held that:
a. Hollinger granted the lot owners an easement as part of the sale of the land, which included use of the road and trails leading from the road b. Hollinger could not block access to the trails without permission of the lot owners because they had used the trails for so many years c. the lot owners had no easement that allowed use of the trails as they were on private property d. the lot owners could establish easements by adverse possession to use the trail if they showed open use of the trails for at least seven years e. none of the other choices