What does an implied warranty of habitability provide?
A) That the leased premises must meet some minimum standard for human habitation
B) That the leased premises must meet a standard for habitation relative to the amount of
rent provided for in the lease
C) That a reasonable tenant would find the premises acceptable
D) That the premises are in the same condition as they were at the beginning of the lease
term
A
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To fulfill the segregation of duties control objective, computer processing functions (like authorization of credit and billing) are separated
Indicate whether the statement is true or false
In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?
A) The company wants to make the best use of its excess cash to generate investment income. B) Investment income consists of interest earned from equity securities and dividends earned from debt investments. C) Investment income includes increases in the market value of debt or equity securities. D) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.
When faced with an ethical issue in business, people must rely on
A. gut feelings. B. laws enacted by the government. C. the accounting department. D. religious beliefs. E. moral philosophy.
Explain why the U.S. Supreme Court now applies a rule of reason standard to manufacturers who will no longer sell to retailers who offer deep discounts on the manufacturers' products