If incorporated in another state, a corporation may be referred to as a foreign corporation.

a. true
b. false

Answer: a. true

Business

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_____ bargaining in the private sector refers to national or international unions, such as the United Auto Workers, entering into agreements that set the bar for pay or benefit increases across the industry

a. Distributive b. Associative c. Integrative d. Pattern

Business

Which of the following lease conditions would result in a capital lease to the lessee?

A) The lessee will return the property to the lessor at the end of the lease term. B) The lessee obtains enough rights to use the asset and is in substance the owner. C) The leased asset is not capitalized on the balance sheet. D) The lease term is 70% of the property's economic life.

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