Which of the following is true about the seller's duty of delivery?
A. If the goods are covered by a negotiable warehouse receipt, the buyer must indorse the receipt.
B. The buyer is required to officially notify the seller once he receives the goods.
C. The seller's basic obligation is to tender delivery of goods that conform to the contract with the buyer.
D. The contract of sale requires the seller to deliver the goods to the buyer's place of business.
Answer: C
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If the chief accountant of a firm has to prepare an operating budget for the coming year, the first budget to be prepared is the
a. sales budget. b. cash budget. c. purchases budget. d. capital budget.
Which of the following is TRUE?
A) Business that sell liquor to a person who is already intoxicated may be liable to strangers who are injured after that person leaves the premises. B) Business that sell liquor to a person who is already intoxicated may be liable to that person if he is injured on the premises. C) Business that sell liquor to a person who is already intoxicated may be liable to that person if he is injured after leaving the premises. D) Both A and B E) All of the above
Yuengling is the oldest brewery in the United States. It was founded in 1827 in a time when small breweries dotted the nation. The brewery only sells in a ten state area on the eastern seaboard. For over 170 years, this strategy has given the brewery a:
A. brand name strategy B. niche competitive advantage C. price differentiation advantage D. marketing competitive advantage E. sustainable competitive advantage
Governments may engage one auditor to audit the primary government and other auditors to audit certain component units.
Answer the following statement true (T) or false (F)