LIBOR is _____ the prime rate.

A. approximately equal to
B. considerably higher than
C. considerably lower than
D. a lagging indicator of


Answer: C

Business

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A(n) ________ is formed when the entering retailer pools its resources with a local retailer to form a new company in which ownership, control, and profits are shared.

A. merger B. strategic alliance C. takeover D. acquisition E. joint venture

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Vicarious liability is liability with fault

Indicate whether the statement is true or false

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The ________ serves as prosecutor in unfair labor practice cases

A) general counsel of the National Labor Relations Board B) county district attorney C) private attorney representing the side bringing the unfair labor practice charge D) general counsel of the Department of Labor

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The UCC imposes a duty of good faith in the performance of all contracts

a. True b. False Indicate whether the statement is true or false

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