A legal document changing a portion of an existing will is known as
A)
a codicil.
B)
a writ of habeas corpus.
C)
a letter of last instructions.
D)
an easement.
A
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When changing from LIFO to FIFO, the least likely result would be
A) disclosing an increase in the inventory balance. B) disclosing an increase in the deferred taxes account. C) removing the LIFO reserve. D) obtaining a tax refund from the IRS.
The ________ is a federal statute, enacted in 1914, that regulates mergers and prohibits certain exclusive dealing arrangements
A) Sherman Act B) Celler-Kefauver Act C) Robinson-Patman Act D) Clayton Act
Amanda is a cab driver. Her taxi license will expire at midnight on August 8
The applicable law requires that she apply for continuation of the license at least 30 days prior to expiration and that a decision regarding continuation or denial must be made in a timely fashion. Her application was made in a timely manner. It is now August 9 and she has not heard from the licensing board. a. Her license is expired and she may not legally operate a taxi. b. Her license is automatically renewed for up to 30 days, allowing her to resubmit her application for continuance. c. Her license is automatically renewed until the decision on the renewal is made. d. Her license is automatically renewed as if the continuation had been approved.
The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners, or shareholders of a corporation and that acts as an ________ between the shareholders and management.
A. fiduciary; long-term; intermediary B. legal; short-term; intermediary C. sworn; long-term; advisor D. formal; short-term; advisor