Which of the following statements is TRUE? In a standard form contract
A) a court will interpret the contract in favour of the party that wrote it if there is confusion
B) a company does not have to point out any unusual terms if the contract is made between two companies
C) consumers must beware and carefully read all the terms as the court will not protect them if they did not notice a disclaimer clause
D) lawyers for both sides usually negotiate all the terms
E) signatures cannot be done electronically, only in person
B
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The accounting equation is represented by Assets= Liabilities + Stockholders' Equity which of the following would cause a change in the stockholders' equity accounts:
a. Sale of Land for cash and a note receivable for the balance b. Collection of an account receivable c. Purchased an asset for cash and 10,000 shares of preferred stock d. Purchase of common stock back from shareholders
Becoming certified typically guarantees an individual will be promoted.
Answer the following statement true (T) or false (F)
In Lomack v. City of Newark, the newly elected mayor decided to eliminate all single-race fire companies to improve morale. Dozens of firefighters were involuntarily transferred based on their race, and several sued, alleging a violation of Title VII. At the time, the city was operating under a consent decree requiring that it undertake certain measures to hire minority firefighters. What did the
court decide, and what was its reasoning? a. because of the consent decree, the city was compelled to diversify its fire companies, so the transfers complied with affirmative action, and did not violate Title VII b. because its overall goal was to treat all firefighters equally, the transfers did not violate Title VII c. even though the consent decree required certain affirmative steps to hire minority firefighters, it was permissible under Title VII d. the decisions to transfer were based on race, in violation of Title VII, and the consent decree did not require or condone such transfers
Financial theory assumes that individuals are risk averse
Indicate whether the statement is true or false