Mark, a resident of Illinois, while driving on the freeway, hits Bill, a resident of Wisconsin, and totally destroys Bill's brand new vehicle and injures Bill. Bill may bring suit in federal district court:
a. because of federal question jurisdiction.
b. because there is always federal jurisdiction if there is diversity of citizenship.
c. if the amount in controversy is over $75,000.
d. if the accident occurred outside of Illinois or Wisconsin.
c
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Cash dividends paid by a corporation:
A. reduce the retained earnings of the corporation that declared the dividend. B. are an expense of the corporation that declared the dividend. C. reduce the net income of the corporation that declared the dividend. D. reduce the retained earnings of the corporation that declared the dividend because net income is reduced by the amount of the dividend.
The allowance method of handling bad debts violates the matching principle
Indicate whether the statement is true or false
The matrix structure is an organizational structure that combines both _____________and ___________________ departmentalization, with dual lines of authority.
What will be an ideal response?
Product variations can arise from ______.
a. internal variation b. supplier variation c. market variation d. customer variation