If, after paying a loss of the insured on a car insurance policy, the insurance company sues the
other driver who caused the loss, the insurance company is exercising its power of:
A) Indemnification.
B) Ratification.
C) Suretyship.
D) Exoneration.
E) Subrogation.
E
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Which type of workplace discrimination occurs when an organization uses an employment practice that results in unfavorable outcomes to a protected class?
A. Adverse impact B. Reverse discrimination C. Harassment D. Unequal application E. Disparate treatment
Explain the three types of anomalies associated with database tables that have not been normalized
In terms of an S corporation, which of the following is a requirement that must be maintained so that the corporation does not lose its tax status?
A. The shareholders must all be corporate shareholders or partnerships. B. Shareholders must consent in writing to having the corporation taxed as a partnership. C. The losses and earnings are not to be reported on the shareholders' individual tax returns. D. There can be no more than 80 shareholders in an S corporation.
Answer the following statements true (T) or false (F)
1. A partnership is a business with two or more owners that is legally organized as a corporation. 2. The articles of partnership is a written contract between partners that specifies the name, location, and nature of the business; the duties of each partner; and the method of sharing profits and losses among the partners. 3. A written partnership agreement is also known as the articles of partnership. 4. The addition of a new partner to a firm does not dissolve the old partnership. 5. Mutual agency means that any partner can legally bind the other partners and the partnership to business contracts within the scope of the business's regular operations.