Lou's Bicycle Store contracts to buy fifty bicycles from Mountain Bikes, Inc. Unless the contract states otherwise, this is
A. a bill of lading.
B. a destination contract.
C. a shipment contract.
D. a warehouse receipt.
Answer: C
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Neville Co issued 20-year term bonds at a discount in 20x5. Interest is payable semiannually. Which of the following statements is true, assuming that the effective interest method of amortization is used for the bond discount?
A) Interest expense decreases each six-month interest period. B) Interest expense as a percentage of the bond's book value changes from period to period. C) Interest expense increases each six-month interest period. D) Interest expense remains constant in amount for each interest period.
Which of the following statements is true about the willingness of foreign courts to enforce U.S. tort judgments?
A) Courts in several nations, including Germany and England, have ruled that punitive damage awards violate their public policy interest in maintaining a purely compensatory tort system. B) Germany and England are the only two countries whose courts have agreed to enforce U.S. punitive damages awards. C) Foreign courts have demonstrated a willingness to support awards of punitive damages, but they have refused to enforce the awards of nominal and compensatory damages. D) All foreign courts have demonstrated a willingness to enforce all U. S. tort judgments, including judgments for punitive, nominal, or compensatory damages.
Which of the following is TRUE about the threat of new entrants?
A) New entrants often increase capacity within the industry. B) The easier to enter an industry, the higher the profit margins and growth potential. C) If competitors are strong, existing competitors will not react strongly to any new entrants. D) If there are huge barriers to entry, competitors will be attracted to the industry.
Administrative agencies may issue subpoenas to obtain business documents that agencies need for law enforcement. Subpoenas may:
a. only be issued when there is good cause to believe that a violation of the law has occurred b. be used to get confidential information c. only be issued by a federal district judge d. be used to obtain any information agencies want and no reasons need be given e. none of the other choices