Current assets total $100,000 and current liabilities total $40,000 . The current ratio is:
a. 4:1.
b. 1:4.
c. 2.5:1.
d. 10:1.
e. none of the above.
c
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The United States has more lawyers than any other country in the world and is arguably the most litigious nation on earth. This is a reflection of:
A) the lack of class action lawsuits. B) the low-context nature of the American culture. C) the lack of spirit of confrontational competitiveness. D) the fact that lawyers cannot undertake cases on contingency fee basis. E) the fact that conflicts arise more in the United States.
Travis has asked you for some advice regarding the use of social networking in the workplace. What advice will you share?
A) Feel free to share any information on social networking sites. B) Refuse friend requests or "unfriend" people to avoid jeopardizing professional relationships. C) Establish boundaries, and don't share information online that you wouldn't share openly in the office. D) Assume the content posted on a social networking site is protected.
A company's trade secret lasts for
a. 20 years after the application is filed. b. 70 years after the death of the creator. c. 10 years, but it can be renewed for an unlimited number of terms as long as it is used. d. as long as it is kept confidential.
When two creditors have a security interest in the same collateral, which party takes priority?
a. The first unperfected party to attach b. A party with an unperfected interest c. A party with a perfected interest d. The first perfected party to sue