The majority of hiring decisions in today's job market are based on the candidate's
A) amount of formal education.
B) relevant coursework.
C) willingness to work long hours.
D) job-relevant skills.
Answer: D
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Which one of the following statements is false concerning the retail inventory method?
A) Net markups and markdowns are always added and subtracted in order to compute the retail value of ending inventory. B) Markups and markdowns are recorded only at retail. C) In the lower of average cost or market method, net markups are excluded from the computation of the cost-to-retail ratio. D) In computing the cost-to-retail ratio, purchase discounts affect only the cost of purchases and not the retail amount of purchases.
Which of the following is an advantage of a partnership when compared to a corporation?
A) The partnership is more likely have a net income. B) The partnership is relatively inexpensive to organize. C) The partnership involves fewer people to operate. D) The partnership usually hires professional managers.
In order to prove fraud, which of these elements must be shown?
A. The innocent party knew the wrongdoer. B. The innocent party detected the misrepresentation prior to the contract's formation. C. The wrongdoer assumed a false identity. D. The innocent party justifiably relied on the wrongdoer's misrepresentation.
Americans with a Better Cause (ABC), a nonprofit organization, files a suit against the U.S. Department of Justice (DOJ), claiming that a certain federal statute the DOJ is empowered to enforce conflicts with the U.S. Constitution and with a state constitution. In each situation, which source of law has priority?