The Child Protection Act (1966) and the Consumer Product Safety Act (1972) are examples of

A. requirement contracts.
B. laws specifying product requirements.
C. pricing-related legislation.
D. distribution-related legislation.
E. fair trade legislation.


Answer: B

Business

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Paul and Roger are partners who share income in the ratio of 3:2 . Their capital balances are $90,000 and $130,000, respectively. Income Summary has a credit balance of $50,000 after the second closing entry. What is Paul's capital balance after closing Income Summary to the capital accounts?

a. $108,000 b. $120,000 c. $115,000 d. $180,000

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Which of the following types of business would normally have the longest operating cycle?

a. A seller of resort property b. A car dealer c. A car manufacturer d. A grocery store e. A record store

Business

An arbitrary use of ordinary words may not be trademarked.

Answer the following statement true (T) or false (F)

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In a multiple regression model, the mean of the probability distribution of the error variable is assumed to be:

A. 1.0 B. 0.0 C. k, where k is the number of independent variables included in the model. D. None of these choices.

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