Economists at which administrative department help enforce the nation's antitrust laws?

A net loss occurs when revenues exceed expenses.

Claire opened Claire's Beauty Parlor in her home. She solicited funds to begin the business from Jack, who believed that the business was incorporated. Claire had, in fact, never filed the papers. One day, Claire fell asleep while giving a customer a perm and the solution caused her customer severe burns. The customer sued the Beauty Parlor for $500,000, an amount enormously in excess of the business assets. Under the Revised Model Act, what would be the result?

A) Claire and Jack would not be personally liable.
B) Claire would not be personally liable, but Jack would.
C) Jack would not be personally liable, but Claire would.
D) Both would be personally liable since there was no corporation formed.

Individual piece-rate system used in many manufacturing plants is an example of a fixed ratio schedule of reinforcement.

Reasonably possible likelihood of a liability
A)Current ratio
B)Working capital
C)Quick assets
D)Quick ratio
E)Record an accrual and disclose in the notes to the financial statements
F)Disclose only in notes to financial statements
G)No disclosure needed in notes to financial statements