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16 Cards in this Set
- Front
- Back
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TorF
Arbitration or Mediation is always binding |
Arbitration
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Although the Federal Trade Commission regulates a variety of business practices, it allocates a large portion of resources to curbing:
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false and deceptive advertising and promotion
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What does the term "tort" mean?
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A civil wrong inflicted on others or their property.
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Which company created the most profit on each dollar of sales?
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ROS
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From the stock table, such as found in FastTrack on page 2, what is the best measurement of the greatest increase in wealth last year?
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Change in stock price
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_________ is determined by dividing the total owners' equity from the balance sheet by the number of shares outstanding.
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Book Value
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working capital
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current assets && liabilities
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What statement best defines statutory law?
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Written laws established by federal, state, county, or city governments.
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The federal organization that oversees corporate securities trading and that was impacted by Sarbanes-Oxley Act of 2002 is the:
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Securities and Exchange Commission (SEC)
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what product characteristics do Second Chance's customers value?
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protection
reliability comfort price options all the above |
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A trial court deals solely with appeals relating to the interpretation of law.
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false, that fact of case, the laws the pertain and apply laws to resolve dispute.
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Statutory law
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Written laws established by federal, state, county, or city governments
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Common law
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Unwritten laws that are established by judicial decisions;
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Administrative law
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Regulations established by administrative agencies
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What statement best defines contract law?
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The mutual agreement between two or more parties whose terms are enforceable in court.
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Milton Friedman's view of the role of business in society?
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the principal role of business is to maximize returns to
its owners |
