Below are four statements made by salespeople to customers. In each case, a customer made a purchase relying on the statement, the statement proved to be false, and the customer suffered a loss. Which statement would most likely serve as the basis for a successful suit for breach of warranty?
a. "This watch will last a lifetime."
b. "You won't find anything like this for the same amount of money anywhere."
c. "These spark plugs should give you better gasoline mileage."
d. "This material is fireproof and approved by Underwriters' Laboratories."
D
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Which of the following would be the best example of an input measure?
A. Gross margin B. Sales revenue C. Net profits D. Return on assets E. Inventory
On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $14,238 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $7,000; debit Interest Expense $7,238; credit Cash $14,238. B. Debit Notes Payable $14,238; credit Cash $14,238. C. Debit Notes Payable $10,000; debit Interest Expense $4,238; credit Cash $14,238. D. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238. E. Debit Interest Expense $6,493; debit Notes Payable $7,745; credit Cash $14,238.
When dealing with a person who is open to experience, it would be effective for you to
A) appeal to the person's intellect. B) avoid presenting fresh information to him or her. C) avoid talking about cultural trends. D) talk about traditional approaches to solving problems.
Levi Strauss & Co. uses 8 recycled plastic bottles, which comprise 20 percent of the content in each pair of its Waste< Less jeans. This is an example of
A. an ecological code of ethics. B. proactive marketing. C. cause marketing. D. green marketing. E. consumerism.