When persons enter into an agreement, it is presumed that they intent the agreement to have some effect

Indicate whether the statement is true or false


True

Business

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A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation called the bonds at $990,000. The gain or loss on this retirement is:

A. $22,000 gain. B. $0. C. $10,000 loss. D. $22,000 loss. E. $10,000 gain.

Business

Managers of small firms must be specialists rather than generalists.

Answer the following statement true (T) or false (F)

Business

Xavier believed his labor was only making others rich while he struggled from paycheck to paycheck.  He started his own small business and now labors only for himself.  Xavier's motivation is:

A. personal fulfillment. B. personal satisfaction. C. independence. D. financial rewards.

Business

Summarize the evidence supporting the finding by the FLRA that the air traffic controllers' national union participated in a strike in violation of Section 7116(b)(7)

Business