Which of the following is true about a plurality decision of the Supreme Court?
A) It settles a case but does not set the precedent for later cases.
B) It affirms the decision of the lower court.
C) It settles a case and sets the precedent for later cases.
D) It causes a case to be reviewed again at a later date.
A
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________ occurs when the salesperson brings company resource people to discuss a major problem or opportunity.
A. Educational selling B. Conference selling C. Need-satisfaction selling D. Seminar selling E. SWOT selling
____ is a necessary and extremely important by-product of capitalism.
A. Monopoly B. Socialism C. Communism D. Competition E. Poverty
Portuguese owns 80 percent of the common stock of Spanish Company. Portuguese also purchases some of Spanish's bonds directly from Spanish and holds the bonds as a long-term investment. How is the acquisition of the bonds treated for consolidated reporting purposes?
A. As a retirement of bonds. B. As an increase in noncurrent assets. C. Everything related to the intercompany bonds is eliminated in the consolidation worksheet, and nothing related to the bonds appears in the consolidated financial statements. D. As an increase in the Bonds Payable account on Spanish's books.
BR Company has a contribution margin of 40%. Sales are $312,500, net operating income is $25,000, and average operating assets are $200,000. What is the company's return on investment (ROI)?
A. 12.5% B. 62.5% C. 64.0% D. 8.0%