Bess runs Creditors Asset Recovery. She recruits clients by misrepresenting the facts and pretending to be licensed in various occupations in Michigan. Bess's conduct most likely warrants
A. an ethical admonishment but no other sanctions.
B. an injunction plus other sanctions.
C. no sanctions but no praise.
D. praise for her aggression in recovering the assets of "deadbeat" debtors.
Answer: B
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What is the minimum amount that a product must cost to require a label stating condition of the warranty under the Magnuson-Moss Act?
A. $20 B. $15 C. $5 D. $10
Innovate Company borrowed on a one-year, 10%, $150,000 note on May 1, 2014 with interest and principal to be paid at maturity. How much interest should Innovate Company report on its income statement for the year ending December 31, 2015?
a. $ 10,000 b. $ 15,000 c. $ 30,000 d. $ 5,000
Goodwill represents
a. the synergies that will be achieved through the acquisition. b. the difference between the acquisition cost and the market value of the identifiable assets and liabilities. c. the difference between the acquisition cost and the book value of the identifiable assets and liabilities. d. the merger premium.
Which motivation theory is criticized for its assumption that people pursue needs in a step-by-step sequence?
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