Which of the following agencies or institutions is responsible for enforcing the executive orders that cover companies doing business with the federal government?
A. Office of Federal Contract Compliance Programs
B. U.S. Department of Commerce
C. U.S. District Court
D. Center for Civil and Human Rights
E. Equal Employment Opportunity Commission
Answer: A
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Which of the following statements is CORRECT?
A. If a firm is found guilty of cannibalization in a court of law, then it is judged to have taken unfair advantage of its customers. Thus, cannibalization is dealt with by society through the antitrust laws. B. If cannibalization exists, then the cash flows associated with the project must be increased to offset these effects. Otherwise, the calculated NPV will be biased downward. C. If cannibalization is determined to exist, then this means that the calculated NPV if cannibalization is considered will be higher than the NPV if this effect is not recognized. D. Cannibalization, as described in the text, is a type of externality that is not against the law, and any harm it causes is done to the firm itself. E. If a firm is found guilty of cannibalization in a court of law, then it is judged to have taken unfair advantage of its competitors. Thus, cannibalization is dealt with by society through the antitrust laws.
To justify the subsidies it has received from European governments, The Airbus Company has used all of the following arguments EXCEPT
a. its subsidies have prevented U.S. aircraft firms from holding a world-wide monopoly. b. U.S. aircraft firms have benefited from military-sponsored programs of the U.S. government. c. Airbus' subsidies were totally repaid as the firm realized profits on its aircraft sales. d. without subsidies to Airbus, Europe would be dependent on the United States as a supplier of aircrafts.
Most retailers will put low prices on some items in order to increase traffic to the store. These low-priced products are known as ________
A) loss leaders B) price ceilings C) price skimmers D) price floors E) cold calls
Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol has a capital of $91,000. Ronald decided to withdraw from the partnership and received $86,000. Which of the following will be included in the journal entry to record this? (Assume an equal profit-loss sharing between the existing partners.)
A) Cash is credited for $9000. B) Ross, Capital is credited for $4500. C) Carol, Capital is debited for $4500. D) Ross, Capital is debited for $9000.