In Virginia State Board of Pharmacy v. Virginia Citizens Consumer Council concerning a Virginia law prohibiting the advertising of prices of prescription drugs the Supreme Court held that:
a. people need open channels of communication to be well informed b. people need to be protected from their own ignorance
c. people need to be protected from false advertising d. people need to know the laws of advertising
e. none of the other choices are correct
a
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Both U.S. GAAP and IFRS permit considerable flexibility with respect to the display of information in the statement of cash flows. If the firm uses the direct method of reporting cash flows from _____ activities rather than the indirect method, it must also provide a separate reconciliation of net income to cash flows from _____
a. operating; operating b. financing; financing c. investing; investing d. operating, investing; and financing; operating, investing; and financing; e. none of the above
In comparison to other modes of transportation, motor carriers ______.
a. are safer b. provide more flexibility c. are faster for long distances d. are much more expensive
Speedy has net income of $33,955, and assets at the beginning of the year of $215,000. Assets at the end of the year total $261,000. Compute its return on assets.
A. 13.0%. B. 14.3%. C. 10.3%. D. 17.6%. E. 15.8%.
Authority that is not found in the express or explicit words of the principal, but that is inferred from the words is known as:
A) apparent authority. B) indirect authority. C) delegated authority. D) None of these.