All agency actions, both formal and informal, are strictly governed by the agency's
enabling statute.
a. True
b. False
b
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Blind Faith Company reported the following data with regard to its first quarter of operations: Sales revenue $180,000 Interest revenue 3,000 Gain on sale of machine 7,500 Cost of goods sold 67,500 Salaries and wages 12,000 Decline in inventory, LCM (temporary) 5,500 Annual property tax 4,500 The expected annual income tax rate is 40 percent. Blind Faith should report net income on the first
quarter interim financial statements of a. $0. b. $61,425. c. $63,225. d. $65,925.
The triangular red Nabisco logo and the Jolly Green Giant are both examples of ________
A) logos B) brand marks C) trade characters D) brands E) cobrands
Which of the following statements best represents the distinction between binding and nonbinding arbitration?
A) Unlike nonbinding arbitration, binding arbitration takes place at a court, in the presence of a judge. B) If the arbitration is nonbinding, the decision and award of the arbitrator can be appealed to the courts. C) A nonbinding arbitration takes place at a court, in the presence of the jury. D) A nonbinding arbitration implies that the arbitrator's decision must be reinforced by the courts.
Which of the following is not a question in the corporate entrepreneurial planning process?
a. Does the firm encourage and reward entrepreneurs? b. Do employees frequently require permission? c. Does the firm direct resources toward entrepreneurship? d. Has the firm met government regulations for innovation?