In a shipment contract, "FOB" stands for ________.
A. free on board
B. forbidden on board
C. fee on board
D. freight on board
Answer: A
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Larkin Bonnard has just invested $180,000 in a day spa. He expects to receive income of $40,000 a year, and to have the investment for 10 years. What is the accounting rate of return?
A) 450% B) 22.22% C) 45% D) 2.222% E) 4.5%
Joint tenancy as a form of joint property ownership is used to avoid probate but it is not effective to avoid estate taxes
Indicate whether the statement is true or false
The discounted payback period of a project will decrease whenever the:
A) discount rate applied to the project is increased. B) initial cash outlay of the project is increased. C) time period of the project is increased. D) amount of each cash inflow is increased. E) costs of the fixed assets utilized in the project increase.
In 1806, a group of Philadelphia shoemakers was convicted of ________ for joining together and refusing to work unless their terms were met.
A. Illegal conspiracy B. Illegal assembly C. Tyranny D. Unpatriotic actions