Which of the following theories assumes that the owners and the firm are virtually identical?
a. Residual equity theory
b. Proprietary theory
c. Entity theory
d. Commander theory
ANSWER: B
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Indicate whether the statement is true or false
Which of the following statements is true of the U.S. Supreme Court?
A) The U.S. Supreme Court's decisions are appealable. B) The U.S. Supreme Court hears appeals only from the federal circuit courts of appeals. C) The U.S. Supreme Court does not hear any new evidence or testimony in reviewed cases. D) The U.S. Supreme Court does not grant any oral hearings to the parties.
Generally, reasonable liquidated damage clauses will be enforced
a. when actual damages are easily determined. b. when actual damages are difficult to determine. c. almost always. d. only in real estate sales contracts.
Which one of the following statements about capacity cushions is BEST?
A) Companies with flexible flow processes tend to have small capacity cushions. B) Companies with high capital costs tend to have large capacity cushions. C) Companies that have considerable customization tend to have larger capacity cushions. D) Constant demand rates require larger-capacity cushions.