The right of courts to review the decisions of lower courts is called
a. separation of powers.
b. judicial review.
c. litigation.
d. none of these.
B
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A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in the first year, $9,000 in the second year, and $7,500 in the third year. The company estimates that it will invest $20,000 in product research and development costs. What is the estimated IRR for this product? Choose the IRR value that is closest to the amount invested.
a. 5% b. 12% c. 15% d. 16%
Employment practices without business justification applied to all employees that result in a less favorable effect for one group than for another group may state a claim for:
a. disparate treatment b. disparate impact c. inclusion d. reasonable accommodation
Niche Stores, Inc., must hold a shareholders' meeting
A. monthly. B. annually. C. biannually. D. only when it is called by the board of directors.
In 2017, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. In 2017 and 2018, she received Form 1099s reporting the following. ReinvesteddividendsSharespurchasedPrice pershareTotal sharesowned2017$4,800 240 $20 3,2402018$3,150 150 $21 3,390If Mrs. Owens sells 1,000 of her 3,390 shares in 2019 for $22 per share and uses the average basis method, compute her recognized gain.
A. $4,910 B. $5,333 C. $0 D. $3,883