Which of the following is governed by Article 2 of the UCC?
a. A contract for sale of a commercial building
b. A contract for sale of office supplies
c. An employment contract
d. A life insurance contract
b
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To overcome the problem of price escalation when selling to less-affluent consumers in developing countries, many companies make simpler or smaller versions of their products that can be sold at lower prices
Indicate whether the statement is true or false
From the following, select the most appropriate basis for the valuation of a new investment when properties or services are exchanged for stock
a. The par or stated value of the stock received b. The book value of the property or services exchanged c. The fair market value of the stock received d. Either the book value of the property or services exchange or the fair market value of the stock received, whichever is more clearly determinable
The statement of cash flows reports the effects of a firm's operating, investing, and financing activities on cash flows. Information in the statement helps in understanding which of the following concept(s)?
a. The effect of operations on the liquidity of a firm. b. The level of capital expenditures needed to support ongoing and growing levels of activity. c. The major changes in the financing of a firm. d. all of the above e. none of the above
Which of the following is NOT a base of power?
A) Coercive power B) Reward power C) Valid power D) Referent power