Fernando obtains a consumer loan from Greater Regional Credit Union at an interest rate that exceeds the state's maximum. Greater Regional has
A. created a risk for the purpose of assuming it.
B. engaged in a restraint of trade.
C. violated a licensing statute.
D. committed usury.
Answer: D
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The absence of rules or the lack of uniform enforcement of existing rules leads to what might often seem to be arbitrary and inconsistent decisions by government officials.
Answer the following statement true (T) or false (F)
When a firm reacquires common shares under the Cost Method:
a. the Treasury Stock—Common account has a debit balance and therefore reduces total shareholders' equity. b. the accountant debits the Treasury Stock—Common account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price. c. the accountant debits the Common Stock account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price. d. the Treasury Stock—Common account has a credit balance and therefore reduces total shareholders' equity. e. the accountant credits the Common Stock account for the par value of the repurchased shares, credits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price.
Important market characteristics in organizational buying behavior include which of the following?
A. Organizational buying behavior is similar to consumer buying behavior since individuals are involved in both processes. B. Forecasting is not as important in organizational buying as in consumer buying. C. Demand for industrial products and services is derived. D. Purchase orders much more frequent but they are usually small. E. Demand for industrial products is elastic instead of inelastic.
According to your text, while in the midst of solving a statistical calculation, you should carry out all calculations to…
a. 1 decimal places b. 2 decimal places c. 6 decimal place d. 10 decimal places