Which of the Following Is NOT Consistent with the Law

question 247

Multiple Choice

Which of the following is NOT consistent with the law of diminishing marginal utility?

• A) Newspaper vending machines are not as secure as soft drink machines.
• B) A student selects to eat at an all-you-can-eat restaurant rather than at a restaurant that charges for refills.
• C) A student's enjoyment of opera increases the more she listens to it.
• D) A symphony has free throat lozenges in their lobby.

Understand the requirements and consequences of filing corporate annual reports and paying associated state fees or taxes.

Recognize the liability of promoters and incorporators in relation to preincorporation contracts and after incorporation.

Describe the process and significance of the secretary of state's approval of articles of incorporation.

Identify the concept of watered shares and the responsibility of the board of directors in share valuation.

---

Definitions:

Factory Equipment

The machinery and tools used in the manufacturing process of a product, typically considered a long-term asset.

Administrative Expense

Costs related to the general operation of a company, such as salaries of executive personnel, office supplies, and utilities, not directly related to production or sales.

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including materials, labor, and overhead.

Finished Goods

Items that have finished the production stage and are available for purchase by buyers.