Andrea purchases a Blu-ray player at a store that sells refurbished merchandise. The store has a big sign stating "Caveat Emptor" posted out front and at the cash register. This sign most likely translates to a policy of
A. refunds or exchanges at any time with a receipt.
B. 100 percent satisfaction guaranteed with all merchandise.
C. all sales are final (no refunds or exchanges).
D. buying, selling, or trading electronic goods.
E. selling only French-manufactured products.
Answer: C
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People have always been materialistic, even in the most primitive societies.
Answer the following statement true (T) or false (F)
________ is a mistake made by both parties concerning an object that is important to the subject matter of a contract
A) Mutual mistake of value B) Mutual mistake of material fact C) Elementary unilateral mistake D) Fraud by concealment
[The following information applies to the questions displayed below.]Wall Nuts, Inc. produces paneling that requires two processes, A and B, to complete. Oak is the best-selling of all the many types of paneling produced. Information related to the 40,000 units of oak paneling produced annually is shown in the following table:Direct materials$380,000 Direct labor Department A (6,000 DLH × $25 per DLH)$150,000 Department B (35,125 DLH × $16 per DLH)$562,000 Machine Hours Department A 24,000MHDepartment B 32,000MH Wall Nuts' total expected overhead costs and related overhead data are shown below. Department ADepartment BDirect labor hours 67,000DLH 170,000DLHMachine hours 100,000MH 80,000MHManufacturing overhead costs$450,000 $600,000 Use the data for Wall Nuts,
Inc. to compute departmental overhead rates based on machine hours in Department A and machine hours in Department B. A. $7.50 per MH in Dept. A; $7.50 per MH in Dept. B. B. $4.50 per MH in Dept. A; $4.50 per MH in Dept. B. C. $2.70 per MH in Dept. A; $6.00 per MH in Dept. B. D. $4.50 per MH in Dept. A; $7.50 per MH in Dept. B. E. $0.60 per MH in Dept. A; $0.80 per MH in Dept. B.
These two companies have also set aggressive targets for their suppliers to improve overall supply chain sustainability
A) Walmart and IKEA B) IBM and 3M C) Mattel and Hasbro D) Apple and Starbucks