What are gambling statutes?
What will be an ideal response?
All states either prohibit or regulate gambling, wagering, lotteries, and games of chance via gambling statutes. States provide various criminal and civil penalties for illegal gambling. There are many exceptions to wagering laws. Many states have enacted statutes that permit games of chance under a certain dollar amount, bingo games, lotteries conducted by religious and charitable organizations, and the like. Many states also permit and regulate horse racing, harness racing, dog racing, and state-operated lotteries.
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Which of the following approaches is one of the most common ways for organizations to
achieve their product/service objectives through a go-to-market approach? A) low-cost product/service strategy B) responsive product/service strategy C) quality attributes product/service strategy D) innovation product/service strategy
Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be $300,000, operating costs to be $265,000, assets (which is equal to its total invested capital) to be $200,000, and its tax rate to be 35%. Under Plan A it would finance the firm using 25% debt and 75% common equity. The interest rate on the debt would be 8.8%, but under a contract with existing bondholders the TIE ratio would have to be maintained at or above 5.5. Under Plan B, the maximum debt that met the TIE constraint would be employed. Assuming that sales, operating costs, assets, total invested capital, the interest rate, and the tax rate would all remain constant, by how much would the ROE change in response to the change in the capital structure? Do not round your intermediate
calculations. A. 1.04% B. 1.32% C. 1.52% D. 1.11% E. 1.13%
Amortization tables are common and can be used for all but which of the following?
A) Car loans B) Mortgage loans C) Consumer product loans D) Amortization tables may be used for all of the above.
Which of the following enables a company to use another manufacturer's already established channel?
A. strategic channel alliances B. relationship channels C. reverse channels D. multiple distribution systems E. nontraditional channelization