Northwest is a micro-brewery. It orders bottles from M that must have crests inscribed on the bottles. To be sure the bottles meet specifications, Northwest hires someone to check them as they were produced at M. With respect to the expenses of hiring the inspector:
a. Northwest pays the expenses but may recover them if the bottles do not conform b. Northwest must pay the expenses under any circumstances
c. M must pay the expenses because the bottles are a unique item
d. M must pay the expenses since Northwest is not liable for any expenses until the bottles are accepted e. none of the other choices
a
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In the context of the global environment of business, which of the following was the outcome ofHurricane Katrina in 2005?
A. Ithad a catastrophic impact on several impoverished African economies that could least afford the hit. B. Itdecimated the travel industry and led tomultibillion-dollar government outlays for Homeland Security. C. Itbrought the Gulf Coast oil industry to a virtual standstill. D. It dealta devastating blow to tourism throughout Europe.
What types of legal issues should not be overlooked when assessing an entrepreneurial opportunity?
What will be an ideal response?
If the liabilities of a business are $85,000 and the owners' equity is $110,000, which of the following is a correct statement?
A. Assets equal $25,000. B. Assets equal $195,000. C. Assets equal $110,000. D. Assets equal $85,000. E. It is impossible to determine the value of the assets.
Public Law 86-272 protects solicitation from income taxation. Which of the following activities exceeds the solicitation threshold?
A. Accepting a down payment. B. Any form of advertising. C. Checking a customer's inventory. D. Distribution of samples without charge.