If a company exaggerates the features of its products in its product catalogue, it can be classified as deception
Indicate whether the statement is true or false
TRUE
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What is therapeutic touch (TT) and what are the benefits of this type of touch?
What will be an ideal response?
In most countries, ________ are the major buyers of goods and services. They typically require suppliers to submit bids and often award the contract to the lowest bidder
A) consumer packaged-goods companies B) government organizations C) health services vendors D) educational institutions E) households
During 20x4, all sales and purchases at Virginia Corporation were on credit. At December 31, 20x4, Virginia Corporation shipped goods to the New York Corporation but failed to record the sale. As a result, before making any corrections to the accounting records
a. Accounts receivable was understated, inventory was overstated, sales were understated, and cost of goods sold was understated. b. Accounts receivable was understated, inventory was understated, sales were understated, and cost of goods sold was understated. c. Accounts receivable was overstated, inventory was understated, sales were overstated, and cost of goods sold was overstated. d. Accounts receivable was overstated, inventory was overstated, sales were overstated, and cost of goods sold was overstated. e. Accounts receivable was overstated, inventory was overstated, sales were understated, and cost of goods sold was overstated.
Blue Scales, Inc. entered into a contract to purchase 20,000 units of raw materials from Scorpio, Inc. If Scorpio fails to deliver on its obligations, which of the following statements is true?
A) Scorpio will have to pay the amount it has already received from Blue Scales. B) Scorpio will have to pay the profits lost by Blue Scales. C) Scorpio will have to pay whatever sum Blue Scales speculates as damages. D) Scorpio will have to pay Blue Scales the price difference in purchasing from another supplier plus court costs.