Unlike at the federal level, in some states:
a. voters must be over 21 to vote on legislation
b. voters make all the laws through the voting process
c. voters may not directly enact legislation through the voting process d. voters may directly enact legislation through the voting process
e. none of the other choices
d
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Which of the following is an example of a temporary difference that could result in a deferred tax asset?
a. Gain on disposal of an asset when included in taxable income before it is included in pretax accounting income b. Use of straight-line depreciation for accounting purposes and an accelerated rate for income tax purposes c. Gross margin on installment sales is recognized for accounting purposes before it is included in taxable income in the income tax return d. Prepayments of expenses in year of payment; recognition of expense for accounting purposes occurs in a later year
In which of the following does a seller have the right to stop delivery of goods in transit regardless of the size of the shipment?
A) the buyer repudiates the contract B) the buyer has payments due C) the seller learns of the buyer's insolvency D) the seller has been ordered for specific performance
The advantages of using a franchising strategy to pursue opportunities in foreign markets include
A. being well suited to the global expansion efforts of manufacturers. B. being well suited to companies who employ cross-border transfer strategies. C. having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees. D. allowing a company to achieve scale economies. E. being particularly well-suited to the global expansion efforts of companies with multidomestic strategies.
Mariah works in the public relations department of New Trends Sales Company. Her job includes portraying New Trends's activities in their best light. In this context, ethics consist of
A. a different set of principles from those that apply to other activities. B. the same moral principles that apply to non-business activities. C. those principles that produce the most favorable financial outcome. D. whatever saves New Trends's "face."