The Financial Institutions Association would like a certain law enacted, administered, interpreted, and enforced in the best interest of its members, which include banks. Under the Constitution, Congress

a. administers the laws.
b. enforces the laws.
c. interprets the laws.
d. makes the laws.


d

Business

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A key difference between the AFL and the CIO in their early years was:

A. The CIO relied more heavily on aggressive tactics such as sit-down strikes. B. The AFL had close ties to radical groups such as communists and socialists. C. The AFL welcomed women into its ranks. D. The CIO embraced a business union model.

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The symbolic consequences of a decision refer to the message sent by a particular decision, such as the lesson communicated when a company fires people in November mainly to avoid paying them a year-end bonus

Indicate whether the statement is true or false.C

Business

Cornell and Joe are equal partners in Jones Company. For the current year, Jones reports the following items of income and expense: Sales revenues$500,000  Long-term capital gains14,000  Short-term capital losses(30,000) Trade and business expenses(200,000) Limited partnership loss(50,000) Taxable income$234,000  ? In addition to his Jones earnings, Joe has other net taxable income of $45,000. Included in the $45,000 is $10,000 in income from a passive activity. Joe's income is:

A. $152,000. B. $157,000. C. $162,000. D. $167,000. E. $182,000.

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Acme, Inc., produces widgets. To manufacture a new type of widget, it took 52 hr for the first widget. Acme estimates it has an 82% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 87th widget.

A. 17.78 hr B. 14.51 hr C. 16.52 hr D. 15.94 hr

Business