As the result of a seller's breach, a buyer may ask for incidental damages. Incidental damages include costs incurred in:
A) storing goods in a warehouse.
B) making calls to obtain replacement goods.
C) inspecting the goods.
D) All of these.
D
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Which of the following inventory valuation methods minimizes income tax expense during a period of rising inventory costs?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification
Larry leaves his hat under the seat at the movie theater. Is this a bailment?
A) No, because the theater manager does not have physical control of the area in which Larry left the hat B) No, because Larry did not pay the theater to keep his hat C) Yes, if the theater manager finds the hat D) Yes, since the theater controls the building
Which of the following statements concerning market, stop loss and limit orders are correct?
I. Market orders guarantee both a price and an execution. II. Market orders guarantee an execution but not a price. III. Limit orders guarantee a price but not an execution. IV. Stop-loss orders may never be executed. A) I and III only B) II, III and IV only C) I and IV only D) II and IV only
In regression analysis, the coefficient of determination R2 measures the amount of variation in y that is:
a. caused by the variation in x. b. explained by the variation in x. c. unexplained by the variation in x. d. None of these choices.