Under Article 2 of the UCC when is a party to a sales contract considered a merchant?
A merchant is a person who either deals regularly in the sale of goods involved in the sales transaction or professes by occupation to be an expert in the type of goods involved in the sale.
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Which of the following is the best example of a generic market?
A. the senior citizen recreation market B. the Hispanic-American market C. the designer shoes market D. the frozen yogurt market E. the transportation market
Regarding the topic of employment benefits, it is correct to say that:
a. both employment and tax laws affect employment benefits b. the law on this topic has been very much in flux c. the law on this topic has largely been settled d. public policy debates concerning this topic have occurred in recent years e. a, b and d f. a, c and d
Lambeth Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$4.90 Direct labor$2.95 Variable manufacturing overhead$1.25 Fixed manufacturing overhead $8,000Sales commissions$1.00 Variable administrative expense$0.40 Fixed selling and administrative expense $4,000 If 3,000 units are produced, the total amount of direct manufacturing cost incurred is closest to:
A. $26,550 B. $33,300 C. $27,300 D. $23,550
______ group members are those who are inflexible and claim to have all the answers.
A. Comprehensive B. Argumentative C. Substantive D. Dogmatic