Klint and Lorenz agree to a contract. Later, Klint alleges that his performance is impossible or at best impracticable because of circumstances unforeseen at the time the contract was formed. Hans files a suit, claiming breach. In Germany, if the court agrees with Klint, the most likely remedy is
a. damages.
b. reformation.
c. rescission.
d. specific performance.
b
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The use of equity reserves under international accounting standards
a. is strictly voluntary on the part of the management of a company. b. is based on whether a reserve is part of distributable or nondistributable equity. c. is primarily for the benefit of shareholders rather than creditors. d. results in the elimination of the retained earnings category from the total equity of a company.
In Maslow’s hierarchy of needs theory, buying a brand new BMW convertible would predominately meet which one of the following needs?
a. Esteem b. Self-actualization c. Safety d. Physiological
Which of the following is TRUE regarding the POQ lot-sizing method?
A) Each POQ interval is recalculated at the time of the order release. B) Each order quantity and POQ interval are recalculated at the time of the order release. C) The POQ interval and all order quantities remain fixed throughout the planning horizon. D) Each order quantity is recalculated at the time of the order release. E) POQ lot sizes are always at least as large as the EOQ lot sizes would be.
Bernaise, Inc. sells cosmetic products in the United States. Which one of the following is most likely to be a revenue center for Bernaise?
A) a Bernaise retail store in Dallas B) the Bernaise human resource department C) a Bernaise kiosk at a mall for selling its products D) the Bernaise product lines