Which of the following is true of child labor regulations adopted by the U.S. Department of Labor?
A. Children between the ages of 14 and 15 may work unlimited hours in nonhazardous jobs.
B. Children between the ages of 16 and 17 may work limited hours in hazardous jobs.
C. Children under the age of 14 may work limited hours in nonhazardous jobs.
D. Children may work in nonhazardous agricultural jobs, outside of school hours, with parental consent.
Answer: D
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In using the variable cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
A) Total costs plus desired profit B) Desired profit C) Total selling and administrative expenses plus desired profit D) Total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
Which of the following is true of a buyer with an output contract?
A) The buyer cannot sue the seller in case the seller plans to share its output with another buyer. B) The buyer can choose to buy when and what he wants from the seller. C) The buyer is obliged to buy all the goods sold by the seller. D) The buyer cannot enforce the best-efforts clause in the output contract.
Portfolio investment is capital invested in activities that are ________ rather than made for ________
A) short term; the long term B) long term; profit C) profit motivated; control D) control motivated; profit
A(n) ________ is the name under which a business is operated.
A. patent B. assumed name C. copyright D. trademark