You have made a claim in a small claims court against a defendant based on the theory of negligence. You offer receipts showing the cost of repairing your vehicle, and doctor bills for your injuries. You offered proof of
a. special (economic) damages which are part of compensatory damages
b. general damages (non-economic) which are part of compensatory damages.
c. punitive damages which are part of compensatory damages
d. general or special damages instead of compensatory damages.
a
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Which of the following statements is TRUE of a corporation?
A) Shareholders can be required to pay debts of the corporation. B) Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange. C) Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation. D) Corporations pay income tax on corporate earnings, and shareholders pay income tax on the dividends received.
In order for an organization to become socially responsible, it must first become financially sound. This statement reflects which level of corporate social responsibility?
A. economic B. legal C. ethical D. discretionary
For work done during June, Prints Company incurred direct materials costs of $150,000 and conversion costs of $225,000. The company employs a traditional operating philosophy. At the end of August, it was determined that the Work in Process Inventory account had been assigned $2,000 of costs, and the ending balance of the Finished Goods Inventory account was $5,000. There were no beginning
inventory balances. Using the information provided for Prints Company, how much was charged to the Cost of Goods Sold account during June? A) $378,000 B) $380,000 C) $375,000 D) $368,000
Which of the following statements is true about the federal court system?
A) Appeals of benefits decisions made by the Veterans Administration are heard only by the Federal Circuit Court of Appeals. B) Appeals from administrative agencies are heard only by the Federal Circuit Court of Appeals. C) Bankruptcy cases must be filed under trial courts of limited jurisdiction. D) The U.S. Supreme Court only hears appeals in the federal system.