Studies show that there is an inverse relationship between education and playing the lottery, with 54 percent of lottery players earning less than $40,000

Indicate whether this statement is true or false.


Answer: TRUE

Business

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________ is the profit on the sale of merchandise before any operating expenses have been deducted

a. Gross profit b. Net profit c. Net income d. Sales

Business

Unless a limited liability company has specified otherwise in its articles of organization, its duration is unlimited or at will, meaning that it has no specific term

Indicate whether the statement is true or false

Business

To inculcate a strategic management perspective, managers must create management ________ to foster change.

A. edicts B. structures C. processes D. buy-back

Business

Natasha, age 58, purchases an annuity for $40,000. Natasha will receive $400 per month for the rest of her life. The expected return multiple is 20.0. At age 65, the amount that Natasha may exclude from income is

A. $0. B. $2,800. C. $4,000. D. $2,000.

Business