Another name for the European Union is
A. the Common Market.
B. the European Market.
C. the Euro.
D. NAFTA.
E. AECO.
Answer: A
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One night, when Henry got home and flipped on the light switch, the kitchen exploded, leaving him severely injured. The explosion was caused by a failure of the gas connector, which allowed a large amount of gas to escape, and a small spark created by turning on the light caused it to explode. Henry sued the gas corporation, arguing that it knew the connector was defective but it did not warn its customers. Henry won the case. He is most likely to have won the lawsuit on the grounds of:
A. strict liability. B. breach of duty. C. recklessness. D. negligence per se.
Wind Chime and Fire Hut Companies purchased identical equipment having an estimated useful life of ten years. Wind Chime uses the straight-line depreciation method and Fire Hut uses the double-declining-balance method of depreciation. Assuming the two entities are similar in all other respects, which of the following statements is correct?
a. Wind Chime's depreciation expense will be greater in the second year than Fire Hut's depreciation expense. b. Fire Hut's book value will be greater than Wind Chime's book value at the end of year one. c. Wind Chime's net income will be greater than Fire Hut's net income in year nine. d. Fire Hut's book value will be less than Wind Chime's book value at the end of year two.
Which of the following is not a trend that has encouraged a more geographically dispersed workforce?
a. more globally oriented business b. individuals’ desires to work, at least partially, from their homes c. leaders who increasingly allow negative attributions to influence their interactions with their followers d. virtual technologies
Which of the following is not a currently allowed practice related to pensions?
a. The use of cash balance plans b. Redistributing benefits away from older employees and shifting them to younger employees c. The raiding of overfunded pension plans by acquiring corporations d. Discretionary funding of defined benefit plans