What part of the Constitution provides that all power to make laws for the federal government shall be held by Congress?

a. Article II, Section 3
b. Article II, Section 1
c. Article I, Section 2
d. Article II, Section 2
e. none of the other choices


e

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Unless an assignment agreement clearly indicates a contrary intent, courts today tend to interpret assignments as including a delegation of the assignor's duties. A promise on the part of the assignee to perform these duties:

A. depends on the policy followed by the public. B. is not enforceable by the assignor. C. is not implied. D. is enforceable by either the promisor or the assignor.

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A truck that cost $12,000 was originally being depreciated over four years using the straight-line method with no salvage value. If after one year, it was decided that the truck would last an additional four years (or a total of five years), the second year's depreciation would be

a. $1,500 b. $2,250 c. $2,400 d. $3,000

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On January 2, 2014, Wondrous Co issued at par $50,000 of 4 percent bonds convertible, in total, into 5,000 shares of Wondrous's common stock. No bonds were converted during 2014 . Throughout 2014 Wondrous had 5,000 shares of common stock outstanding. Wondrous' 2014 net income was $5,000 . Wondrous' income tax rate is 40 percent. No potentially dilutive securities other than the convertible bonds

were outstanding during 2014 . Wondrous' diluted earnings per share for 2014 would be a. $0.58. b. $0.62. c. $0.70. d. $1.16.

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Which of the following is a negative factor that interferes with the effectiveness of socialist economic systems?

A. Excessive private ownership of healthcare services B. Absence of a tax structure C. Inefficiencies and corruption D. Lack of government ownership of key enterprises

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