Which of the following trade agreements was set up after WWII and originally consisted of six countries?
a. Association of Southeast Asian Nations (ASEAN)
b. European Union (EU)
c. Association of African Markets (AAM)
d. Southern Common Market (MERCOSUR)
b
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A limitation of using industry norms in financial performance evaluation is that some companies in the same industry may not be strictly comparable
Indicate whether the statement is true or false
Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.
KJ Games, in Colorado, designs computer games that it markets and sells to customers via the Internet. A click-on agreement accompanies every download; no game can be installed on a buyer’s computer if the buyer does not click on the words "I agree" when prompted. The click-on agreement clearly states in capital letters that all disputes will be settled in Colorado’s state courts. Buyers of KJ’s games are most likely
The primary source of federal power to regulate business is the
A. Supremacy Clause. B. Commerce Clause. C. Contract Clause. D. Privilege and Immunities Clause.