To be constitutionally permissible, an enabling statute must establish reasonable standards to guide an agency in implementing the statute. Using a broad phrase such as "fair and equitable" in an enabling statute meets this requirement

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Second Street Company has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $180 each. The price lists from suppliers indicate the current replacement cost of the item to be $174 each. Which of the following statements is TRUE of the effects of the adjustments to ending merchandise inventory and the cost of goods sold?

A) The cost of goods sold would increase by $6. B) The cost of goods sold would not be affected. C) The cost of goods sold would decrease by $60. D) The cost of goods sold would increase by $60.

Business

The entity that signs the promissory note and promises to pay the required amount is the ________

A) maker of the note B) banker of the note C) holder of the note D) payee of the note

Business

As compared to traditional firms, employees in team-based organizations experience alienation.

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

Business

With respect to property, the law defines the right to

A. sell or dispose of it, but not prevent trespass onto it. B. prevent trespass onto it, but not to sell or dispose of it. C. sell or dispose of it, and prevent trespass onto it. D. none of the choices.

Business