The Federal Tort Claims Act of 1946 requires the federal government to ________
A) file legal actions against corporations violating strict liability torts
B) waive sovereign immunity for the tortious acts of its employees in certain cases
C) measure the cost that a proposed rule would impose on a business
D) hold every portion of a business meeting open to public attendance
B
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The implied warranty of merchantability applies only to merchants who sell to other merchants
Indicate whether the statement is true or false
If you buy a term insurance policy with a conversion option, this means that you
A) will get most of your premiums back if you terminate the policy before its expiration. B) can convert the policy to a larger term policy after one year. C) can convert your term policy to a whole life policy during the conversion period. D) will be able to change the term of your policy and automatically extend it.
A company reported gross profit of $72,000, total operating expenses of $41,000 and interest income of $3,600. What is the income from operations?
A. $27,400 B. $31,000 C. $41,000 D. $34,600
The acquisition of services is also known as contracting
a. True b. False Indicate whether the statement is true or false