The ________ is a model act that provides comprehensive and uniform laws for the formation, operation, and dissolution of LLCs (limited liability companies)

A) Williams Act
B) Securities Exchange Act
C) Uniform Limited Liability Company Act
D) Uniform Limited Partnership Act


C

Business

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The Colorful Paint Company got a mortgage from the bank to purchase a factory in which it could make paint. As part of its manufacturing process, Colorful Paint dumped the excess paint into a pit behind the building. This practice contaminated the property. If the bank foreclosed on the factory, would the bank be liable for cleanup costs of the contaminated land?

A. Yes, because it owns the property. B. No, because it was an innocent landowner. C. No, because it did not contaminate the property. D. No, because it was a secured creditor.

Business

Identify the main advantage of the Web as an auction site

A) the size of the audience B) the ease of processing the order C) the availability of different sites D) the speed of access

Business

Distribution centers are useful as ______.

A. intermediate storage locations B. direct retailing points C. quality control points D. they eliminate need for distributed manufacturing

Business

Centrum Vitamin's offer to buy a bottle of 100 and get an extra mini-bottle of 20 free is an example of using ________ a sales promotion approach.

A. loyalty programs B. multiple-purchase offers C. product placements D. premiums E. point-of-purchase materials

Business