Types of securities that are exempt from registration under the federal securities laws include:
A) securities of domestic banks.
B) securities of a charitable organization.
C) bonds issued by a city.
D) All of these are exempt.
D
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Which of the following statements is true of a good merchandise inventory control system?
A) It eliminates the need for authorization of merchandise purchases. B) It ensures that a physical count of inventory is not required. C) It often prevents the company from a stockout. D) It eliminates the need to examine inventory purchases for damage.
Ames, an agent for Baker Antiques, had the authority to purchase early 20th-century American furniture costing a maximum of $1,500 per piece. Ames bought a 19th-century French desk for $3,000 from Carter. Baker was furious when she saw the desk, and she
fired Ames. Nevertheless, she put the desk on display in the shop with a $5,000 price tag. When the best offer she got for the desk was $2,500, Baker returned the desk to Carter. Baker told Carter that Ames had exceeded his authority in purchasing the desk, and she demanded that Carter refund the $3,000 that Ames had paid for the desk. Will Carter have to do so?
Even though not vested, an employee can still receive pension funds paid by the employer upon leaving a company.
Answer the following statement true (T) or false (F)
The Sherman Act:
A) Applies to acts committed overseas by U.S. corporations. B) would not apply to an act committed in the United States by foreign corporation. C) would not apply to an act overseas by a 100 percent-owned foreign subsidiary of a U.S. corporation. D) never applies to acts committed outside the U.S.