Legal capital of a corporation is the maximum amount that can be reported as contributed capital
Indicate whether the statement is true or false
False
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The Organization for Economic Cooperation and Development (OECD) is comprised of:
A) the 34 high-income countries. B) countries that believe in market-allocation economic systems. C) pluralistic democracies. D) countries that demonstrate progress toward economic reform. E) All of the above statements are applicable.
If a court determines that a contract involving both goods and services is primarily a goods contract, any dispute over the deal will be decided under the UCC.
Answer the following statement true (T) or false (F)
If a sales contract requires or authorizes the seller to ship goods by carrier, when does the risk of loss pass to the buyer if the contract does not require delivery at a particular destination?
a. At the time the goods are properly delivered to the carrier. b. At the time the carrier tenders the goods to the buyer. c. At the time the contract is initially entered into. d. Not until the buyer has received the goods and had a chance to inspect them.
In terms of revenues and costs for a project, which of the statements below is FALSE?
A) Projected revenues and costs are estimates of future activity. B) Estimates of revenues and costs begin with operating cash flow of the project. C) Projected revenues and costs form the basis of the potential for a project's acceptance or rejection. D) Estimates of revenues and costs begin with sales forecasts and the production costs associated with the sales forecast.