Air carries face _____ competition from surface modes for either freight or passengers
a. very strong
b. a limited amount
c. very little
d. almost no
B
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A payroll clearing account is a separate bank account used solely for payroll purposes. Funds are transferred into the account to cover payroll checks to be issued
Indicate whether the statement is true or false
The alter-ego theory is applied when a corporation is so dominated and controlled by an individual or group that the separate identities of the person (or the group) and the corporation are no longer distinct
Indicate whether the statement is true or false
Kitsure, a cosmetics company, was able to sell 20 percent more than its estimated sales in a year. The company was able to acquire its investment along with a higher turnover for its shareholders. Which of the following financial ratios provides the measure of Kitsure's earnings?
A. Leverage ratios B. Asset management ratios C. Liquidity ratios D. Profitability ratios
An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree
Indicate whether the statement is true or false