When Martha of Martha's Homemade Pies Corp., gives a freshly baked apple-cinnamon double-crust pie to her sales clerk to put in the window case for display, the clerk:
A. is the owner of the pie.
B. has possession of the pie.
C. is a bailee to Martha.
D. has custody of the pie.
Answer: D
You might also like to view...
Suppose the economy is thought to be 1 percent below its potential output (i.e., the output gap is ?1 percent). The potential output is growing at 4% a year. Suppose the Fed is following the Taylor rule, with an inflation rate of 4 percent over the past year. The equilibrium real fed funds rate is 3 percent, the weight on the output gap is 0.75 and the weigh on the inflation gap is 0.25. The inflation target is 1 percent. What should the federal funds rate be?
A. 7 percent B. 8 percent C. 9 percent D. 10 percent
With ________, the seller pays both the cost of loading and transporting the product to the customer
A) uniform delivered pricing B) basing-point pricing C) F.O.B. origin pricing D) F.O.B. delivered pricing E) F.O.B. factory pricing
A current liability is a debt that can reasonably expected to be paid
A) between 6 months and 18 months. B) out of currently recognized revenues. C) within one year. D) out of cash currently on hand.
Nikki is conducting a process audit. Which of the following questions is she NOT likely to include?
A. Are employees getting the information they need to make empowered decisions, and are they engaged? B. Are union officials on notice and cooperating with organizational changes? C. Are training programs developing the knowledge and skills employees need? D. Are employees being rewarded for good performance and useful suggestions?