Fact Pattern 3-1BOrin and Pia engage in a business transaction from which a dispute arises. Orin initiates a lawsuit against Pia by filing a complaint.Refer to Fact Pattern 3-1B. If Pia files a motion to dismiss, and the court denies it

A. Orin will be given more time to file an amended complaint.
B. Orin will have a judgment entered in his favor.
C. Pia will be given more time to file another response.
D. Pia will have a judgment entered in her favor.


Answer: C

Business

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On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $20,000. What is the amount of the gain or loss on this transaction?

A) Gain of $20,000 B) Loss of $10,000 C) No gain or loss D) Cannot be determined

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A partnership is a legal entity separate from its owners

Indicate whether the statement is true or false

Business

State courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks.

A. over recruiting B. staff inflation C. deceptive interviewing D. negligent hiring

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What is the average wage of a cruise ship worker?

a. $900 - $950/month b. $700 - $750/month c. $500 - $550/month d. $400 - $450/month

Business