Sue, a resident of the state of New York, was visiting her aunt in Iowa. While there, her car was hit by a drunken driver named Jerry, a resident of Iowa. Sue was injured in that accident. Which of the following actions can Sue take in this scenario?
A. Sue can sue Jerry and bring the case to Iowa state court, provided that the dollar amount of the controversy exceeds $75,000.
B. Sue can file a case against Jerry in the New York state court, as she is a resident of that state.
C. Sue can file a case against Jerry only in the Iowa state court, as this is a matter that involves state negligence law.
D. Sue can sue Jerry and bring the case to Iowa federal court, as this is a case that involves diversity of citizenship.
Answer: D
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In the final stage of the rational model of decision making, you should
A. provide justification for the choice. B. select a solution. C. seek high-level support. D. evaluate the results. E. identify the winners and losers.
When the effective interest method of amortization is used for a bond premium, the amount of interest expense for an interest period is calculated by multiplying the
a. carrying value of the bonds at the beginning of the period by the face interest rate. b. face value of the bonds at the beginning of the period by the effective interest rate. c. carrying value of the bonds at the beginning of the period by the effective interest rate. d. face value of the bonds at the beginning of the period by the face interest rate.
The price at which goods are currently being sold is called the
a. market price. b. contract price. c. cover. d. tender price.
Smelly FruitAt first glance there is little to like about the durian. The durian is a fruit popular in Thailand that is spiky outside and stinky on the inside. When confronted with the durian for the first time, the Wall Street Journal recently reported that westerners often describe its distinctive sulphurous smell with words like stinky socks and manure. However, the durian is so popular in Thailand that one variety of the durian fruit, called the Kan Yao, has been selling for as high as $200. Even at that price, supply of the Kan Yao cannot keep up with demand. There are approximately 30 varieties of the durian grown in Thailand, with the most plentiful selling in the $15 range. The yellow flesh of the durian, the part you eat, has very powerful smell, but possesses a sweet, nutty
taste that Thais cannot seem to get enough of at any price.Refer to Smelly Fruit. The durian fruit is a very unique product. To many Thai's no other fruit taste or smells anything like the durian. It's uniqueness, in the eyes of the customer, would tend to have which of the following A. It would have little affect. B. It would tend to make the durian more price elastic. C. It would tend to make the durian more price inelastic. D. It would tend to raise the price in comparison to purchasing power. E. It would tend to impact the durian's stage in the PLC.