Which of the following is not true of a corporation?
a. It may enter into binding legal contracts in its own name.
b. It may sue and be sued.
c. The acts of its owners bind the corporation.
d. It may buy, own, and sell property.
c
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During the past two decades, the world economic environment has become increasingly dynamic. To achieve success, executives and marketers must take into account all of the following realities except:
A) capital movements have replaced trade as the driving force of the world economy. B) production has become "uncoupled" from employment. C) the world economy dominates the scene. D) the struggle between capitalism and socialism continues. E) the growth of e-commerce diminishes the importance of national barriers.
A problem encountered when implementing an "infant industry" tariff is that
a. domestic consumers will purchase the foreign good regardless of the tariff. b. special interest groups may prevent the tariff's removal when the industry matures. c. most industries require tariff protection when they are mature. d. labor unions will capture the protective effect in higher wages.
The most frequent victims of program viruses are microcomputers
Indicate whether the statement is true or false
If overhead is underapplied, it means that individual jobs have been charged too much during the year and the cost of goods sold reported is too high.
Answer the following statement true (T) or false (F)