In the 1960s, President Kennedy developed what is known as the Consumer Bill of Rights. This legislation represents limitations to the legal concept of ________ that was pervasive before that.
A. self-regulation
B. consumerism
C. caveat emptor
D. utilitarianism
E. economic espionage
Answer: C
You might also like to view...
When determining whether a limited partnership loss is deductible, a taxpayer must first:
A. Apply the passive activity loss rules and then the at-risk rules. B. Apply only the passive activity loss rules. C. Apply the at-risk rules and then the passive activity loss rules. D. Apply only the at-risk rules.
In Microsoft Word 2010, where do you choose Styles for report headings?
a. Home tab, Paragraph group b. Home tab, Styles group c. Insert tab, Styles group d. Page Layout tab, Page Setup group
Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $10,700 of common stock for cash. 2) The company paid cash to purchase $6700 of inventory. 3) The company sold inventory that cost $4100 for $7900 cash. 4) Operating expenses incurred and paid during the year, $3600. Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $9000 of inventory. 2) The company sold inventory that cost $8300 for $14,500 cash. 3) Operating expenses incurred and paid during the year, $4600. Note: Sanchez uses the perpetual inventory system.What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2?
A. $1800 B. $1600 C. $6600 D. $9500
The doctrine of respondeat superior is most often applied in situations involving:
a. torts of the agent. b. negligence of the principal. c. contracts negotiated by the agent. d. crimes committed by the agent.