While he is normally against the idea of harming animals, Eric views animal research in the pharmaceutical industry as a way to improve drugs that will benefit mankind. Which moral philosophy most closely represents his viewpoint?

A) Egoism
B) Relativism
C) Humanitarianism
D) Utilitarianism
E) Individualism

A principal will not be liable to a third party for a tort committed by an agent:

A) unless the principal was legally nonexistent.
B) unless the tort was committed within the scope of the agency relationship.
C) if the agency agreement limits the principal's liability for the agent's tort.
D) if the tort is also regarded as a criminal act.

​When buying a car from a commission salesman you improve your bargaining position by

A) ​shopping for last year's model when the new model year cars are arriving
B) shopping when the showroom is full of customers
C) shopping when the car lot has few cars left unsold
D) ​shopping toward the beginning of the month

What entry format is appropriate if sales returns and allowances occur on factored accounts?

A)
$\begin{array}{cc}\text{ Sales Returns and Allowances }& \mathrm{XX}\\ \text{ Receivable from Factor }& \mathrm{XX}\end{array}$
B)
$\begin{array}{cc}\text{ Receivable from Factor }& \text{ XX }\\ \text{ Factoring Expense }& \text{ XX }\end{array}$
C)
$\begin{array}{lc}\text{ Sales Returns and Allowances }& \mathrm{XX}\\ \text{ Factoring Expense }& \mathrm{XX}\end{array}$
D)
$\begin{array}{cc}\text{ Receivable from Factor }& \text{ XX }\\ \text{ Accounts Receivable }& \text{ XX }\end{array}$

Tennill Inc.has a $1,400,000 investment opportunity with the following characteristics: The ROI for this year's investment opportunity considered alone is closest to:

A) 8.1%
B) 128.0%
C) 3.0%
D) 9.6%

In reviewing the accounts receivable the cash realizable value is $14000 before the write-off of a $1800 account. What is the cash realizable value after the write-off?

A) $1800
B) $12200
C) $14000
D) $15800