All states have trial courts and courts of review

a. True
b. False


a

Business

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Firms sometimes invest in the common stock of other entities in order to exert significant influence or control over the other entity. U.S. GAAP and IFRS assume that firms owning more than ______ can exert control, unless other information indicates the contrary

a. 20% b. 30% c. 40% d. 50% e. 60%

Business

"This is the third time that our business unit has been sold in the past five years," said Bobbi. "Each time, our managers lose their jobs, and workers like us have to learn to work under new managers and new systems. Our business unit has been just a minor piece of several large diversified companies, and our performance has been compared to other business units' performance in these companies. As a result, we have been repeatedly bought and sold based on market controls, and employees often ________ as a result."

A. suffer B. grieve C. thrive D. benefit E. surrender

Business

Francisca and Garden Estate, Inc, enter into a contract for the use of a Victorian mansion and its grounds for a wedding and reception. If ambiguities appear in the contract, they will be construed against the party that

A) drafted the contract B) has the greater bargaining power. C) made the offer to contract. D) offers the most confusing explanation of the terms.

Business

The type of letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit, is called: A) an irrevocable credit

B) a revolving credit. C) standby credit. D) transferable credit.

Business