Which of the following statements concerning liquidated damages is NOT TRUE?
a. A liquidated damages clause will be enforced, if, when the contract was made, it was difficult to estimate actual damages.
b. The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach.
c. Nominal damages are not the same thing as liquidated damages.
d. Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.
d
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(Appendix) Under the direct method, each line of the income statement is converted to cash paid or received
a. True b. False Indicate whether the statement is true or false
One of the types of supply uncertainty is ______.
a. a shortage of inbound raw materials and components b. a surplus of inbound raw materials and components c. a shortage of outbound raw materials and components d. a surplus of outbound raw materials and components
Due to information provided by the news media, authorities in Arizona were able to close down C.P. Direct, a Scottsdale company that sold more than $74 million worth of pills that it claimed would enhance one's mental abilities. This is one example of how the media serves as a mode of:
A. cultural backstop B. social control C. ethical mediation D. social mentoring E. ethical awareness
________ is the percentage of net profit the owners' equity earns, before taxes.
A. Surplus value B. Return on equity C. Return on net assets D. Profit margin