Which of the following would be a breach of the implied warranty of merchantability?
A) A knife that cuts its user when slicing a bagel
B) A radio that does not pick up FM signals
C) A match that burns a spot in the carpet when accidentally dropped
D) A watch that does not keep accurate time after getting wet
B
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Frank and Brooke manage separate departments at Vantage Corporation. Frank's department is in charge of production of products, while Brooke's is responsible for sales of products. One of the company's objectives is to minimize its investment in inventory. Whose set of responsibility reports should include the cost of storing goods awaiting sale?
What will be an ideal response?
Mach 3 razor blades must be used in the Mach 3 razor. Which type of pricing is most likely used for the razor blades?
A) penetration B) value C) captive D) two-part E) basing-point
________ costs can be conveniently traced to that product
a. Material b. Administrative utilities c. Depreciation d. Machine lubricant
In capital rationing, an initial screening of alternative proposals is usually performed by establishing minimum standards. Which of the following evaluation method(s) are often used?
A) Cash payback method and average rate of return method B) Average rate of return method and net present value method C) Net present value method and cash payback method D) Internal rate of return and net present value methods