What is the doctrine of liability for a tort connected with a contract?
Minors are generally liable for their torts. However, if a tort and a contract are so "interwoven" that the court must enforce the contract to enforce the tort action, the minor is not liable in tort. A tort recovery would defeat the protection that contract law gives the minor.
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The ending inventory balance represents
a. Expired costs and is reported on the balance sheet as an asset. b. The cost of goods sold during the current period and is reported on the balance sheet as an asset. c. Expired costs and is reported on the income statement as an expense d. Unexpired costs and is reported on the balance sheet as an asset.
Which of the following statements is not true of a department in the merchandise classification scheme?
A. It is a level higher than classification in the merchandise classification scheme. B. The DMM, who manages the department, is responsible for several merchandise classifications. C. It is the second level in the merchandise classification scheme. D. It is at a lower level than the merchandise group in the merchandise classification scheme. E. It is managed by a general merchandise manager (GMM).
Which of the following statements about the sources of product knowledge is most likely true?
A) Company product literature is of less value to salespeople than it is to customers. B) The best source of information on the product is the director of sales. C) Plant tours would be of little value to people in retail and service selling. D) A salesperson cannot really understand the product until spending time on the manufacturing line producing it. E) Examining and using the product can give a salesperson in-depth knowledge of its features.
In which type of culture is there the assumption that it is better to manage conflict directly?
a. High context cultures b. Dual focus cultures c. Interdependent cultures d. Task focused cultures