What is a knowledge society?
What will be an ideal response?
A knowledge society is one in which much of the labor force has migrated from manual work to work based on knowledge.
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When preparing the statement of cash flows using the indirect method, an increase in accounts payable would appear as
a. a decrease in the operating activities section b. an increase in the operating activities section c. a use of cash in the investing activities section d. a source of cash in the investing activities section
Explain how impairment losses for intangible assets with indefinite useful lives are determined.
What will be an ideal response?
U.S. district courts:
a. are not found in each state b. do not use juries c. are the trial courts of the federal system d. have five-judge panels for exceptional situations e. all of the other choices are true
The Franchise Contract. Kubis & Perszyk Associates, Inc, was in business as Entre Computer. As a franchise, Entre sold, among other products, computer systems marketed by Sun Microsystems, Inc Entre's agreement with Sun included a forum-selection clause
that provided that any suit between the parties had to be filed in a California court. When Sun terminated its relationship with Entre, Entre filed a suit in a New Jersey state court. Sun asked the court to dismiss the suit on the basis of the forum-selection clause. Entre argued that the clause violated state franchise law, which invalidated such clauses in auto dealership franchises. On what basis might the court extend this law to cover Entre's franchise? Discuss.