Pamela is planning to sell her home decorating store to her daughter. Pamela has
A. a greater duty to reveal problems in the business because her daughter assumes she will be honest.
B. no duty to disclose hidden defects in the business.
C. a lesser duty to reveal problems in the business because she has a relationship of trust with the buyer.
D. a duty to report only any latent defects she knows about that her daughter should not be expected to discover herself.
Answer: A
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________ are capital expenditures that make a plant asset more productive but do not always increase an asset's life; they often involve adding a component to an asset or replacing one of its old components with a better one.
Fill in the blank(s) with the appropriate word(s).
Indicate whether each of the following statements is true or false.Short-term plans are more specific and detailed than long-term plans.Short-term planning focuses on the operations of a business for the next two to three years.A decision to lease equipment would be part of a company's capital budgeting process.The master budget focuses on long-term objectives and goals.The master budget normally covers a period of one quarter.
What will be an ideal response?
Which of the following statements is a reason why U.S. retailers avoid opening stores in the inner city?
A. The retailers keep away from the inner city because of stringent government regulations. B. The retailers keep away from the inner city because of the lack of competent human resources. C. The retailers keep away from the inner city because of complications in the supply chain. D. The retailers think these stores are riskier and produce lower returns than other areas. E. The retailers keep away from the inner city because of the rising cost of real estate.
Ratios are most useful in identifying
a. causes. b. differences. c. relationships. d. trends.