International law derives from a variety of sources, including the laws of individual nations.

Answer the following statement true (T) or false (F)


True

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MacArthur Company began operations on March 1, 2015 . The corporate charter authorized issuance of 3,000 shares of $2 par value common stock. MacArthur sold all of the stock on March 1 . On May 1, MacArthur repurchased 2,000 of the outstanding shares. On May 14, MacArthur sold 1,200 of the treasury shares. On June 1, MacArthur declared a 2-for-1 stock split. As a result of the split, what

occurred? a. Assets declined. b. Stockholders' equity increased. c. Stockholders' equity decreased. d. Total stockholders' equity stayed the same.

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The term ____________ is used to describe the behavior of people who manipulate others and use unethical practices for personal gain.

a. Self-monitoring b. Proactive personality c. Machiavellianism d. Locus of control

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Estimating what price consumers are willing to pay for a product and assessing whether the firm can make a profit selling at that price is an example of a production activity.

Answer the following statement true (T) or false (F)

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Kali contracts to sell Leony her car for $3,000. This contract will be fully discharged when Kali and Leony A) agree to sign a bill of sale

B) exchange the car for the $3,000. C) sign a receipt. D) shake hands and go their separate ways.

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