Under federal law, it is illegal to employ anyone under the age of __________, except in specified agricultural occupations

a. fourteen
b. fifteen
c. sixteen
d. seventeen


a

Business

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Last year Mason Inc. had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $195,000 and its net income was $10,549. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income by $5,250 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income in this amount, by how much would the ROE have changed?

A. 5.66% B. 5.95% C. 6.27% D. 6.58% E. 6.91%

Business

Which of the following statements is true of the Uniform Commercial Code (UCC)?

A. It always imposes the same standards on merchants and nonmerchants. B. It regards everyone covered by the UCC as a merchant. C. It has no writing requirement unless the contract contains a provision requiring that modifications for terminations be in writing. D. It expressly recognizes the concept of an unconscionable contract.

Business

Which of the following is the most common type of occupational fraud?

a. Financial statement fraud b. Mail fraud c. Investment fraud d. Employee embezzlement

Business

Which of the following components are necessary when designing a job description to achieve a “good fit”?

a. mention of expectation of loyalty and expectation of ethical behavior b. realistic description and mention of expectation of ethical behavior c. warning about punishments and mention of expectation of good work ethic d. mention of salary and bonuses and promise of a friendly work culture

Business