Which of the following is defined as the use of intimidation or power in return for a financial benefit?
a. Extortion
b. Bribery
c. Embezzlement
d. Fraud
a. Extortion
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________ is a doctrine that says a person is liable for harm that is the foreseeable consequence of his or her actions.
A. Unintentional tort B. Accident C. Malicious prosecution D. Res ipsa loquitur
In a limited liability limited partnership, the liability of a general partner is the same as the liability of a limited partner.
Answer the following statement true (T) or false (F)
Managers from monochronic cultures tend to do all of the following except:
A. Handle multiple tasks simultaneously B. Emphasize promptness C. Adhere to plans D. Take time commitments seriously
Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1.Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,340,000 Cost of goods sold 830,000 Gross margin 510,000 Operating expenses 465,143 Net operating income 44,857 Interest expense 9,000 Net income before taxes 35,857 Income taxes (30%) 10,757 Net income$ 25,100 The company's return on total assets for Year 2 is closest to:
A. 2.09% B. 1.67% C. 2.08% D. 1.66%