Characteristics of a corporation include:
A) shareholders who are mutual agents.
B) direct management by the shareholders (owners).
C) its inability to own property.
D) shareholders who have limited liability.
D
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Activity-based costing systems generally use volume-based cost drivers
Indicate whether the statement is true or false
An M/M/1 model and an M/D/1 model each have an arrival rate of 1 per minute and a service rate of 3 per minute; the average queue length of the M/M/1 will be twice that of the M/D/1
Indicate whether the statement is true or false
All of the following may legally be appointed as agents except
a. aliens. b. insane persons. c. minors. d. incompetents.
Ernest operates an ice cream stand during the months of May, June, July, and August. Ernest's ice cream machine is broken and needs a new part to run. He contracts to have the part shipped to him by special carrier. Ernest emphasizes that the part needs to be delivered by April 25 and the carrier agrees, knowing that Ernest intends to open his stand May 1. If the shipper fails to deliver the part
on April 25, Ernest will be able to recover consequential damages caused by the delay. Indicate whether the statement is true or false