KH
Kendall Hornung
Answers (8)
KH
Answered
Perquisites are special benefits given to executive employees.
On Jul 29, 2024
True
KH
Answered
State the two major types of legal systems used around the world and briefly describe their differences.
On Jul 26, 2024
The two major types of legal systems used around the world are common law and code law. Common law is primarily used in the English-speaking countries of the world and relies on a limited amount of statute law interpreted by the courts. Code law is followed in most non-English-speaking countries, originated in the Roman jus civile, and tends to rely more on statute or codified law.
KH
Answered
Each of the following contributes to income inequality except
A) differences in ability and training.
B) differences in job tastes.
C) differences in wealth ownership.
D) government transfers.
A) differences in ability and training.
B) differences in job tastes.
C) differences in wealth ownership.
D) government transfers.
On Jun 29, 2024
D
KH
Answered
Which of the following statements regarding price is/are true?
i. Prices are determined by the market, subject to the constraint that costs must be covered in the long run.
ii. Prices are based on costs, subject to the constraint that customers and competitors will exert an influence.
ii. A balance of market forces and cost is important when making pricing decisions.
A) i
B) ii
C) ii and iii
D) All of the given answers
i. Prices are determined by the market, subject to the constraint that costs must be covered in the long run.
ii. Prices are based on costs, subject to the constraint that customers and competitors will exert an influence.
ii. A balance of market forces and cost is important when making pricing decisions.
A) i
B) ii
C) ii and iii
D) All of the given answers
On Jun 26, 2024
D
KH
Answered
Giving power to a person increases the likelihood that they will adopt a wait and see attitude since their need for power has been satisfied.
On May 30, 2024
False
KH
Answered
An industry with just a few sellers is a(n)__________.
On May 27, 2024
oligopoly
KH
Answered
A company's current assets are $23,420,its quick assets are $13,890 and its current liabilities are $12,220.Its acid-test ratio equals:
A) 0.88.
B) 1.91.
C) 1.14.
D) 0.52.
E) 1.41.
A) 0.88.
B) 1.91.
C) 1.14.
D) 0.52.
E) 1.41.
On Apr 29, 2024
C
KH
Answered
Cutco Lawn Products Manufacturing Company sells 100 riding lawn mowers to the Smith Hardware Company,a retailer in the same industry.Smith pays for the mowers with a $50,000 loan from the Bass Bank.The Bank takes a security interest in the mowers to secure payment of the loan,and perfects it by filing.Later,Smith sells one of the mowers to Carl,a consumer,who buys in good faith and in the ordinary course of Smith's business.However,Carl knows that the Bank has a security interest in the mowers.Smith defaults on its loan payments,and the Bank moves to repossess all the mowers.Can it repossess the mower sold to Carl?
A) Since the Bank attached its security interest,it may repossess the mower from Carl.
B) Since Carl bought the mower in good faith,the bank may not repossess his mower.
C) Since Carl knew about Bass's security interest,the bank may repossess his mower.
D) Since the mower is in Carl's possession now,the bank has no right over this third party.
A) Since the Bank attached its security interest,it may repossess the mower from Carl.
B) Since Carl bought the mower in good faith,the bank may not repossess his mower.
C) Since Carl knew about Bass's security interest,the bank may repossess his mower.
D) Since the mower is in Carl's possession now,the bank has no right over this third party.
On Apr 27, 2024
B