1.Winding-up involves completing all _________ transactions, paying off debts, dividing any remaining profits, ad distributing assets.

simple

unfinished

finished

complex

What is preponderance of evidence?

a legal standard whereby a bare majority (25 percent) of the evidence is sufficient to justify a ruling

a legal standard whereby a bare majority (10 percent) of the evidence is sufficient to justify a ruling

a legal standard whereby a bare majority (51 percent) of the evidence is sufficient to justify a ruling

a legal standard whereby a bare majority (51 percent) of the evidence is insufficient to justify a ruling

What type of contract meets all the legal requirements for a fully enforceable contract?

valid

executed

void

voidable

What are the major functions of Administrative Agencies?

rule-making, communications, and conducting administrative activities

adjudication and conducting administrative activities

rule-making, adjudication, and conducting administrative activities

rule-making and adjudication

In Economic Dimensions, what are the economic factors in particular that affect business investment?

Impact of central planning versus a market economy

Differences in size and economic growth rate of various

Existence of an appropriate transportation infrastructure

Only a and b

Only b, c and d

a, b, c, and d

Availability of disposable income