Currently in the United States, it is not legal to issue different classes of common stock. For instance, issuing two classes of common stock where one class has superior voting rights compared to the other
Indicate whether the statement is true or false
FALSE
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A business transaction usually requires an exchange between the business and another outside entity
Indicate whether the statement is true or false
Material purchases of assets from an affiliated company should be disclosed in the financial statements.
Answer the following statement true (T) or false (F)
To simplify, clarify, and modernize the law governing commercial transactions, the UCC permits the use of "open terms" in sales contracts. In the use of "open terms," which of the following is TRUE?
a. The court will use market value and other comparable sales to determine what a reasonable price would have been at the time of delivery if the parties have not settled the price in the contract. b. If time of payment is not mentioned in the contract, payment within a commercially reasonable time is presumed. c. If the contract permits the buyer or seller to determine the price during contract performance, the UCC requires the party to do so in good faith. d. All of the above are true.
A transportation problem has improvement indices of 5, 4, 0, and -3. Which of the following is always true?
A) The transportation model is at its ideal solution. B) The transportation model is at an infeasible solution. C) The total cost saved by changing one unit on the route with an improvement index of 5 would be $5. D) The transportation matrix has four empty squares. E) Both B and D