Under the theory of ________ the principal basically is liable because of its own tort.
A. joint liability
B. direct liability
C. respondeat superior
D. vicarious liability
Answer: B
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Areas of business within a firm that are distinct enough to have their own missions, business objectives, resources, managers, and competitors are referred to as ________
A) strategic business units B) market development units C) market penetration units D) standard business units E) competitive intelligence units
Pelican Company issued $200,000 of 20-year, 6 percent bonds at 98 on one of its semiannual interest dates. The straight-line method of amortization is to be used. What is the total interest cost of the bonds?
A) $240,000 B) $244,000 C) $236,000 D) $235,000
The relevant geographical market is always considered state-wide
Indicate whether the statement is true or false
If private entities engage in public functions, constitutional guarantees such as free speech and due process may apply to their actions under the __________ doctrine
a. state action b. federal preemption c. interstate commerce d. supremacy