3501 Final Exam Study Guide Component Units Is the entity a Primary Government? * All must be true: 1. Separately elected governing body 2. Legally Separate * Can sue and be sued * Can sell a lease property in its own name. IF all are true‚ it is a primary government and 3. Fiscally Independent creates its own financial statements in * Can do all: accordance to GAAP. * Establish a budget *
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Heavy Hydraulics’s liabilities‚ Giant Lift is (Points : 2) responsible if the sale is actually a merger or consolidation. 8. Portia‚ a businessperson‚ is convicted of RICO offenses. Portia ’s penalties may include (Points : 2) dissolution of her business‚ forfeiture of its assets‚ and imprisonment. 9. Household Furnishings‚ Inc.‚ distributes its merchandise on an interstate basis. Under the commerce clause‚ Congress has the power to regulate (Points : 2) any commercial activity in the United States
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DEPARTMENT EXAM TEST BANK SPRING 2011 True/False Indicate whether the sentence or statement is true or false. __F___ The Offeror Is The Party With The Power To Decide Whether To Create A Contract. __T___ An offer made as a joke‚ where a reasonable person would conclude that it was made as a joke‚ cannot result in a contract. __T___ The communication of an offer can be made by the offeror or the offeror ’s agent. __T___ Generally‚ advertisements‚ catalogs‚ price lists‚ etc. are not treated
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Legal Forms of Business Choosing a form of business for a product or type of service depends on the liability an individual is willing to assume‚ how much involvement an individual wants in the day-to-day work‚ and how much control an individual wants over the business. Prior to making a choice‚ an individual must understand each form of business as well as the risks and rewards for each. There are numerous forms of business‚ including sole Proprietorship‚ Partnership‚ Limited Liability Partnership
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Final Exam Study Guide Paragraph 1- Module 1A on Psychology Perspectives and Ethics in Research In this module I had been taught the different Psychologists who came up with many different research experiments to educate students like myself today. Abraham Maslow believed that every human being desired fulfillment of needs such as being fed‚ nourished‚ warm‚ and secure; how we can be self-actualization and be who we want to be. There are five different approaches that he/she can come across. Behavioral
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to access the information 12. Which of the following acts allow anyone to get access to unclassified information through legal means? b. FOIA 13. To which of the following does the Privacy Act of 1974 apply? b. Federal government 14. What are the business reasons to classify and protect data? a. Risk avoidance and
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have a charitable purpose d. 0 They are two terms that have the same meaning. 2. If a corporation is properly incorporated in one state and wants to do business in a second state‚ the corporation a. 0 must incorporate in the second state b. 0 must do nothing because being incorporated in one state entitles the corporation to do business in all states c. 0 register with the Interstate Corporation Commission d. 0 may be required to obtain a certificate of authority from the second state
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LAW FOR ENGINEERS (UEEG 2113) Final Exam questions (2011) Time – 3 hours Students are required to answer any 4 questions Students are allowed to bring in original and unmarked copy of following statutes into exam hall: - 1. Federal Constitution Contracts Act 1950 Employment Act 1955 (a) The Federal Constitution is the supreme law of Malaysia and‚ inter alia‚ it guarantees fundamental liberties to every citizen. With reference to Article 8 and 10 of the Constitution‚ discuss
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---- ------- Business Law Take-Home Final Essay When asked “what can Moon‚ Inc do to get its money from Bob Zimmerman?” I would address it by saying if Zimmerman doesn’t pay off what he owes then according to the mortgage contract Zimmerman would foreclose his house and Moon‚ Inc. would have the right to bid first. My reasoning is that initially the mortgage was taken out for the house and Zimmerman paid back loans toward the bank. If Zimmerman doesn’t pay then the house is foreclosed and the
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How to Write Law Exam Answers Personal notes made with reference to Legal Reasoning And Legal Writing by Richard K. Neumann‚ Jr. What a teacher looks for * Your understanding of how to use the rules * Your understanding of what the law is trying to accomplish with them Two kinds of questions * Hypothetical situations * Response to issue/statement Rubric of grading: what a teacher looks for when marking * Issue spotting * Knowledge of legal rules * Ability to analyse
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