If a corporation is dissolved voluntarily, the creditors must be paid before the shareholders out of the assets of the firm
a. True
b. False
Indicate whether the statement is true or false
True
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Describe the main features of Affective Forecasting and provide some concrete examples of focal errors.
What will be an ideal response?
______ approaches to understanding cross-cultural negotiation document differences in negotiation processes and behaviors in different cultures.
A. Descriptive B. Cognitive C. Distributive D. Persuasive
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $126,000. The machine's useful life is estimated to be 20 years, or 130,000 units of product, with a $5000 salvage value. During its second year, the machine produces 5200 units of product. Determine the machines' second year depreciation under the units-of-production method. (Do not round intermediate calculations.)
A. $6050. B. $4840. C. $6300. D. $6550. E. $5040.
After quite a few beers, Edward turns to his buddy Rudy and says, I'll give you my brand new Corvette if you will drive me home." Rudy drives Edward home and then asks for the title and keys. Edward refuses. Does Rudy own the Corvette?
a. Yes, because this was a unilateral contract and Rudy performed. b. No, because Edward did not have the intention to make an offer. c. No, because the offer did not have definite terms. d. Yes, because there was a meeting of the minds.