Which of the following types of law will likely come into play in a claim that a

government agency has acted in excess of its powers?

A) administrative law
B) common law
C) constitutional law
D) criminal law
E) both A and C


E

Business

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Pan Corporation owns 65 percent of Sauce Corporation's voting shares. On January 1, 20X3, Pan Corporation sold $300,000 par value 7 percent bonds to Sauce when the market interest rate was 4 percent. The bonds mature in 15 years and pay interest semiannually on June 30 and December 31.Based on the information given above, what amount of investment in bonds will be eliminated in the preparation of the 20X3 consolidated financial statements?

A. $400,784 B. $300,000 C. $395,766 D. $257,248

Business

In the case of necessaries, the intoxicated individual is not allowed to disaffirm, but is held liable for the reasonable value of such items

Indicate whether the statement is true or false

Business

Content-filtering software works with a ____ to check each Web site for indecent materials and allows only "decent" Web pages to be displayed.

A. Web browser B. Web user C. Web server D. Web e-mail client

Business

"Wa," or harmony, is an essential element of Japanese culture and is reflected in the importance of relationship and teamwork in business operations. Canadian businesspersons must understand that they are outsiders within this system. The Japanese operate under ________ capitalism.

A) frontier B) conventional C) producer D) consumer E) family

Business