It is important to state in a contract which state the law will govern in
a. true
b. false
Answer: a. true
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Which of the following features of the NAICS is not seen in the SIC?
A) The NAICS uses a digit based hierarchical system for classification. B) The NAICS codes facilitate international use. C) The NAICS was developed exclusively by the U.S. Census Bureau. D) The NAICS uses industry data collected by the U.S. Census Bureau.
Both per se and rule of reason violations of the Sherman Act are automatically illegal.
Answer the following statement true (T) or false (F)
The equation that shows assets equal liabilities plus stockholders' equity signifies that a company:
A. Is profitable. B. Has resources equal to claims to those resources. C. Is able to pay its obligations as they come due. D. All of the other answers provide a correct statement.
Which of the following is NOT an example of a current liability?
A) notes payable B) accounts payable C) a six-month bank loan D) bonds payable E) an unpaid electric bill