Bus 201 Spring 2009 Final
Bus 201 Spring 2009 Final
Prof. Isler
May 28, 2009
The final exam will be given at 8:10 and will end at 10:10. In the True/False section mark "a" for True and "b" for False. In the multiple choice section you should select the best answer. Raw exam scores, the exam and exam answers will be posted today by 5:00 PM. The exam is not cumulative. Place only your Student ID Number on your Scantron not your name. Five questions will be deducted if your name or Social Security Number is placed on your Scantron.
There are one hundred questions on this exam which makes up forty-five percent of your overall grade. I would suggest that you also write your answers on your exam in addition to your Scantron as you will be allowed to keep the exam. Outside materials including dictionaries, electronic devices or anything with an on/off switch, are not to be allowed. In short, the only thing you may have on your desk is the exam, a Scantron and a pencil. “Pencils Down” means just that! I will not accept any Scantron if you write after I say "Pencils Down."
True/False
Indicate whether the sentence or statement is true or false.
____ 1. Conditions subsequent are never implied.
____ 2. Alpha Investments, Inc., offers to buy Beta Computer Corporation. On May 1, Beta gives Alpha copies of Beta 's financial statements for the previous year. The statements show an inventory of $1 million. On May 15, Beta discovers that the previous year 's inventory is overstated by $500,000, but does not inform Alpha. On June 1, Alpha, relying on the financial statements, buys Beta. On June 10, Alpha discovers the inventory overstatement. In this situation Alpha will succeed in a suit against Beta for fraud?
____ 3. Aurora Power Company is subject to mandatory workers ' compensation laws in the states in which it does business. Beth and Doug work for Aurora as part of crew that travels to remote locations to repair downed power lines and other damaged equipment. At a distant site,
Prof. Isler
May 28, 2009
The final exam will be given at 8:10 and will end at 10:10. In the True/False section mark "a" for True and "b" for False. In the multiple choice section you should select the best answer. Raw exam scores, the exam and exam answers will be posted today by 5:00 PM. The exam is not cumulative. Place only your Student ID Number on your Scantron not your name. Five questions will be deducted if your name or Social Security Number is placed on your Scantron.
There are one hundred questions on this exam which makes up forty-five percent of your overall grade. I would suggest that you also write your answers on your exam in addition to your Scantron as you will be allowed to keep the exam. Outside materials including dictionaries, electronic devices or anything with an on/off switch, are not to be allowed. In short, the only thing you may have on your desk is the exam, a Scantron and a pencil. “Pencils Down” means just that! I will not accept any Scantron if you write after I say "Pencils Down."
True/False
Indicate whether the sentence or statement is true or false.
____ 1. Conditions subsequent are never implied.
____ 2. Alpha Investments, Inc., offers to buy Beta Computer Corporation. On May 1, Beta gives Alpha copies of Beta 's financial statements for the previous year. The statements show an inventory of $1 million. On May 15, Beta discovers that the previous year 's inventory is overstated by $500,000, but does not inform Alpha. On June 1, Alpha, relying on the financial statements, buys Beta. On June 10, Alpha discovers the inventory overstatement. In this situation Alpha will succeed in a suit against Beta for fraud?
____ 3. Aurora Power Company is subject to mandatory workers ' compensation laws in the states in which it does business. Beth and Doug work for Aurora as part of crew that travels to remote locations to repair downed power lines and other damaged equipment. At a distant site,