Damages that compensate the nonbreaching party for the loss of a bargain are known as consequential damages

Indicate whether the statement is true or false


F

Business

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Jane’s dad told her to empty the dishwasher before he got home from the gym or she would have a consequence. Jane felt that it was not her turn to do this chore and therefore watched TV instead. Jane’s dad received which outcome for his influence tactic?

A. compliance B. resistance C. adherence D. commitment

Business

Supplies purchased on account were incorrectly recorded as Office Equipment. The correcting entry would be

A) Supplies, debit; Office Equipment, credit. B) Accounts Receivable, debit; Supplies, credit. C) Office Equipment, debit; Supplies Expense, credit. D) Supplies, debit; Accounts Payable, credit.

Business

It is correct to rely exclusively on past cost data when establishing standards

Indicate whether the statement is true or false

Business

Which item below is not true of the Securities and Exchange Commission?

A) It oversees securities trades to assure that fair prices are set. B) It was created by the 1934 Securities Act. C) It requires that new issues of securities be registered with it. D) It requires that potential securities buyers be provided prospectuses.

Business