Under the Hart-Scott-Rodino Antitrust Improvement Act, the government may not block proposed mergers of firms; the mergers must be contested in court later

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Which of the following is not an advantage of distributed data processing?

a. ability to backup computing facilities b. improved user satisfaction c. efficient use of resources d. all of the above are advantages of distributed data processing

Business

On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full, and no adjusting entries have been made related to the note? (Use 360 days a year.)

A. Debit Cash $8,613; credit Interest Revenue $113; credit Notes Receivable $8,500. B. Debit Cash $8,628; credit Interest Revenue $128; credit Notes Receivable $8,500. C. Debit Notes Receivable $8,500; debit Interest Receivable $170; credit Sales $8,670. D. Debit Cash $8,670; credit Interest Revenue $170; credit Notes Receivable $8,500. E. Debit Cash $8,500; credit Notes Receivable $8,500.

Business

Which of the following best represents "team membership"?

A. Internal department advantage C. External firm advantage B. Internal department disadvantage D. External firm disadvantage

Business

Of the following, who owes a fiduciary duty of loyalty to an LLC?

A) All members of all LLCs B) All members of manager-managed LLCs, but no one in member-managed LLCs C) Members of member-managed LLCs and managers of manager-managed LLCs D) Managers of manager-managed LLCs, but no other members of any LLCs

Business