To avoid charges of copyright infringement, you should
A) include a footnote to all information
B) use information only from Internet sites.
C) ask permission only when using information from a legal publication.
D) assume that all intellectual property is copyrighted.
D
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Murphy Corporation had originally purchased land for $38,000. It later sold it for $38,000 in cash. Which of the following is true of the effect of the sale of land on the accounting equation?
A) assets increase and liabilities decrease by $38,000 B) assets and equity increase by $76,000 C) assets increase by $38,000; equity increases by $38,000 D) the amount of total assets remains the same
A project costs $1,000 today and is expected to produce cash inflows of $800 at the end of each of the next two years. If the firm's cost of capital is 10%, what is the modified internal rate of return? Round answer to the nearest whole percent
A) 30% B) 23% C) 13% D) 21% E) 33%
Consideration does not require an actual benefit to both sides of an agreement
Indicate whether the statement is true or false
Mollie receives high praise from her boss when she attracts a new client to her firm. This praise leads Mollie to work hard to obtain more new clients. For Mollie, the praise from her boss was
A. Theory X in nature. B. unmotivational enforcement. C. internal reinforcement. D. negative reinforcement. E. positive reinforcement.