If you tell your broker the maximum price to pay for a stock, you have placed a
A)
market order.
B)
limit order.
C)
stop-loss order.
D)
price order.
B
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What will be an ideal response?
Elaine sometimes checks work-related e-mail from home on the weekend and follow up on it, even when her supervisor does not specifically ask her to. Under the Fair Labor Standards Act (FLSA), her employer must pay her for this work.
Answer the following statement true (T) or false (F)
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. The prime rate was 3.25% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?
A. $285,000 B. $300,000 C. $315,000 D. $330,750 E. $347,288
In Greenman v. Yuba Power Products, Greenman was injured when a tool his wife bought him malfunctioned. The Supreme Court of California imposed liability based on:
a. express warranty b. implied warranty c. strict liability in tort d. lack of merchantability e. none of the other choices