Grain Mills Corporation is required to register its securities under Section 12 of the Securities Exchange Act of 1934. Section 14(a) of the act regulates
a. the declaration of dividends by Grain Mills's board of directors.
b. the later re-registration of Grain Mills's securities.
c. the short-swing activities of Grain Mills's insiders.
d. the solicitation of proxies from Grain Mills's shareholders.
D
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Identify the statements in which John McCall argues that strict liability is no more unfair than it would be to hold injured consumers accountable.
A. The consumer who is injured by a product is unfairly disadvantaged in the economic competition and is denied an equal opportunity to compete in the marketplace. B. Assigning the costs for injuries caused by defective products to other consumers of the product and to the shareholders of the company is more appropriate than assigning the costs to the injured consumer or to society at large. C. Compensation returns the parties to equal standing, and the economic competition can continue as a result. D. By holding the manufacturer liable, the costs are passed on, ordinarily through increased liability insurance costs, to those who stand to benefit from the product. E. A and C. F. B and D.
The failure by an applicant to disclose material facts that an insurer does not know but has a right to know is called:
a. misrepresentation. b. concealment. c. waiver. d. fidelity.
The current period's ending inventory is:
A. The current period's beginning inventory. B. The current period's cost of goods sold. C. The next period's beginning inventory. D. The prior period's beginning inventory. E. The current period's net purchases.
The average life expectancy of tires produced by the Whitney Tire Company has been 40,000 miles. Management believes that due to a new production process, the life expectancy of their tires has increased. In order to test the validity of their belief, the correct set of hypotheses is
A. H0: ?< 40,000 Ha: ?
40,000.
B. H0: ?
40,000 Ha: ?> 40,000.
C. H0: ?> 40,000 Ha: ?
40,000.
D. H0: ?
40,000 Ha: ?< 40,000.