The idea behind ________ is that adults who indicate an intent to be bound by contracts entered while still minors should be bound to those contracts and denied the right to disaffirm thereafter.
A. emancipation
B. ratification
C. forbearance
D. disaffirmance
Answer: B
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The organization whose primary function is to provide a means to share information among cost and management accountants in the United States is the
a. Internal Revenue Service. b. American Institute of CPAs. c. Institute of Management Accountants. d. Institute of Certified Management Accountants.
Geary (1994) refers to employee involvement and participation where employees take on decisions that traditionally fall within the remit of management as:
a. consultative b. delegative c. communicative d. bargaining
Sarah has decided to include a timetable in a proposal she is writing. She will most likely place it in the ________
A) introduction B) proposal section C) budget section D) authorization section
Your company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 20.0% but with equal end-of-month payments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
A. 101.72% B. 71.70% C. 86.71% D. 83.37% E. 97.55%