What was the holding of the U.S. Supreme Court in its 2000 decision regarding a Massachusetts
law affecting firms doing business with the nation of Myanmar (formerly Burma)?
A) The state of Massachusetts was ordered to not discriminate against firms from Myanmar
B) The Massachusetts law prohibiting the state government from purchasing goods or
services from firms doing business with Myanmar violated the Supremacy Clause.
C) The state of Massachusetts was prohibited from conducting business with firms based in
Myanmar.
D) None of the above
B
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In 2016, Go Oil Company incurred costs of $8 million drilling oil wells. Thirty percent of the drilling resulted in oil being found. The rest of the drilling was unsuccessful. If Go uses the successful-efforts method of accounting, the oil and gas properties will be valued on the December 31, 2016 balance sheet at
A) $8,000,000. B) $4,900,000. C) $4,200,000. D) $2,400,000.
Explain when it is appropriate to use special journals
The linear equation for total cost is (Unit variable cost x Units) + Fixed cost
Indicate whether the statement is true or false
Rather than the image of a cigar-chomping, well-connected insider handing out stacks of cash in the halls of government, which of the following is a more accurate description of what lobbyist do?
A. Researching legislators' positions on issues B. Creating information to educate and persuade related to these issues C. Studying government, legislative process, public policy and public opinion D. Mobilizing like-minded folks "back home," referred to as "grassroots lobbying" E. All of the above