The minimum number of board members necessary to be present at a meeting in order to transact business is known as:
A) a plurality.
B) the entire board of directors.
C) a quorum.
D) a minority.
C
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Adam Inc uses a perpetual inventory system. Jan. 1 On hand, 10 units at $2 each $ 20 4 Sold 8 units for $10 each 80 22 Purchased 50 units at $4 each 200 26 Sold 48 units for $10 each 480 If Adam uses the FIFO method, how much is cost of goods sold for the month of January?
a. $204 b. $208 c. $212 d. $560
All of the following are true with regards to civil law EXCEPT:
a. to be successful, the plaintiff in a civil case must prove his or her case only by the "preponderance of the evidence.". b. litigating a civil fraud case usually begins when a client in a case of alleged fraud approaches an attorney. c. it begins when one party files a claim for restitution from another, usually for the purpose of gaining financial restitution. d. before a perpetrator is convicted civilly, he or she must be proven guilty "beyond a reasonable doubt.".
The periodic inventory system is used more commonly by companies that sell:
a. low-priced, high-volume merchandise. b. low-priced, low-volume merchandise. c. high-priced, low-volume merchandise. d. high-priced, high-volume merchandise.
Karif orally agrees to buy a unique collection of sports memorabilia for $1,000 from Jane and sends her $250 as a down payment. When Karif sends her the rest of the price, Jane refuses to ship the collection. Karif should seek
A. damages. B. reformation. C. rescission. D. specific performance.