Which of the following ratios does not represent some form of comparison between accounts in current assets and accounts in current liabilities?
a. Working capital
b. Current ratio
c. Acid-test ratio
d. Cash ratio
e. Merchandise inventory turnover
E
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If management substitutes new common stock for retained earnings, that tends to reduce the cost of capital.
Answer the following statement true (T) or false (F)
A long-arm statute is a:
a. federal law to allow agencies to sue parties anywhere in the U.S. b. state law that permits courts to reach beyond state lines for jurisdiction over persons in criminal cases only c. state law that allows plaintiffs to force defendants to come to a state for purpose of serving process d. state law that permits courts to reach beyond state lines for jurisdiction over non-residents defendants e. none of the other choices are correct
Which of the following is not a defense that may be raised in case of assault or battery:
a. privilege b. defense of property c. consent d. self-defense e. all of the other choices may be defenses
Managers should strive to eliminate all forms of conflict within the organization.
Answer the following statement true (T) or false (F)