In Central Hudson Gas & Electric Corp v. Public Service Comm., the New York utility commission ruled that electric utilities could not advertise to promote the use of electricity. The Supreme Court held that the:
a. First Amendment right of free speech had been violated because there may be no limit on any speech on commercial matters
b. First Amendment right of free speech had not been violated because it does not protect commercial advertising
c. First Amendment right of free speech had not been violated, not because commercial speech has no protection, but because of public interest in energy conservation
d. state of New York cannot regulate public utilities without federal approval because of the commerce clause e. none of the other choices
e
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Commercial bribery is similar to the traditional definition of bribery except that in commercial bribery:
a. something of value is offered to influence a business decision b. payment is received by an employee with the employer's consent. c. the employee extorts money from a potential purchaser or supplier. d. something of value is offered to influence an official act of government.
Match each of the following terms a through j with the appropriate definitions 1-10.a. FUTA taxesb. Contingent liabilityc. Merit ratingd. Long-term liabilitye. Estimated liabilityf. Net payg. Wage bracket withholding tableh. Warrantyi. Withholding allowancej. FICA taxes_____ 1. A measure provided by a state to employers that reflects a company's stability in employing workers._____ 2. Taxes that fund Social Security and Medicare, assessed on both employer and employees under the Federal Insurance Contributions Act._____ 3. Known obligations of an uncertain amount that can be reasonably estimated._____ 4. Obligations of a company requiring payment after one year or operating cycle if longer._____ 5. Gross pay less all tax and voluntary deductions._____ 6. A
table of amounts of income tax to be withheld from employees' wages._____ 7. A potential obligation that depends on a future event arising from a past transaction._____ 8. A seller's obligation to replace or fix a product or service that fails to perform as expected within a specified period._____ 9. A number indicated on an employee's Form W-4 that is used to reduce the amount of federal income tax withheld from an employee's pay._____10. Payroll taxes on employers assessed by the federal government to support the federal unemployment insurance program. What will be an ideal response?
Which of the following best defines a merged corporation?
A) a corporation that is absorbed in the merger and ceases to exist after the merger B) a corporation that is absorbed in the merger and continues to exist after the merger C) a corporation that is not absorbed in the merger but acquired stake in the surviving corporation D) a corporation that is not absorbed in the merger but is owned by a parent company
Which of the following line items would appear on the income statement of a company that uses the periodic inventory system, but not on that of a company that uses the perpetual inventory system?
A) Net Sales Revenue B) Cost of Goods Sold C) Cost of Goods Available for Sale D) Operating expenses