Which of the following is correct with respect to Private Letter Rulings?

A) Issued when a taxpayer wants to know the tax treatment of a specific tax situation.
B) Can be relied upon by all taxpayers in a similar tax situation.
C) Provides tax authority only to the taxpayer to whom it is issued.
D) Both issued when a taxpayer wants to know the tax treatment of a specific tax situation and provides tax authority only to the taxpayer to whom it is issued.

Elton Mayo's study of the effect of illumination,ventilation,and fatigue on production workers came to be known as the ____________________.

Which of the following is a difference between a printed memo and an email message?

A) An email message is more effective than a printed memo for communicating official information.
B) A printed memo is used for internal communication, whereas an email message is used for external communication.
C) An email message is a more formal communication channel than a printed memo.
D) A printed memo is more effective than an email message for communicating sensitive information.

What did the Hawaiian court determine about mortgages as a product under product liability law in the Case Nugget Radford v. Wells Fargo Bank?

A) That the case was properly dismissed because the defendant did not have a duty of care to protect the plaintiff from a bad mortgage loan.
B) That a mortgage is in fact "a product" under product liability law.
C) That mortgages are not a "product" that can be subject to a product liability suit.
D) That mortgages are a question of fact and a jury trial is warranted to determine if the mortgage should be considered a product.
E) That federal law placed mortgages in a special category for product liability cases.

Which of the following considers a properly dispatched acceptance sent by any reasonable means of communication within a reasonable time to be effective on dispatch?

A) Traditional contract laws
B) UCC
C) CISG
D) Restatement (SeconD)

Why is past consideration not adequate consideration in a present promise?

A) It falls under exceptions to consideration.
B) It does not pertain to the present exchange.
C) It is not covered under the UCC codes for consideration.
D) It involves an issue of moral obligation.