Define official immunity.
What will be an ideal response?
It is a common-law doctrine that shields government employees from individual liability. It is based on the belief that government actors should not be made hesitant in carrying out their responsibilities by threats of lawsuits.
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If a firm has a current ratio of 2, the subsequent receipt of a 60-day note receivable to settle an open account will cause the ratio to decrease
a. True b. False Indicate whether the statement is true or false
Economists often use ________ as an indicator of substitutability
A) cross-elasticity of demand B) conjoint analysis C) perceptual mapping D) demand forecasting
Downy Airlines discloses the funded status of pension plans and the health and life insurance plans for two recent years. Both the pension plan and other benefit plans are underfunded. The amounts that Downy includes in _____, _____, represent unamortized prior service costs and net actuarial losses
a. Other Comprehensive Income; a revenue account b. Accumulated Other Comprehensive Income; a shareholders' equity account c. Other Comprehensive Income; an asset account d. Accumulated Other Comprehensive Income; a liability account e. Other Comprehensive Income; a shareholders' equity account
The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%
A) $368 B) $687 C) $494 D) $548