Selling used equipment at book value for cash will:
A. increase net income.
B. decrease the debt-to-equity ratio.
C. decrease working capital.
D. increase working capital.
Answer: D
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When continuing partners agree to relieve the withdrawing partners of liability on the debts of the old partnership, the act of novation can take place, which involves an agreement by the creditor:
A. only with the continuing partners. B. with both the withdrawing partners and the continuing partners. C. with the new partners replacing the withdrawing partners to hold them liable for the debts. D. with the withdrawing partners themselves and not their representatives.
How has the adoption of codes of ethics by businesses changed over time?
a. Survival of the fittest has led fewer businesses to abide by their own codes of ethics. b. Since the 1960s, vastly more businesses have adopted them to be more in line with public and industry expectations. c. The rate of adoption by businesses has remained roughly the same since the 1960s. d. The superficial adoption of codes of ethics has increased, while moral expectations of business has decreased.
Using fixtures, lighting, and color to highlight products in a retail setting are examples of?
a. Visible marketing b. Visual merchandising c. Volatile marketing d. Visual marketing
Punitive damages are awarded to compensate a plaintiff for mental distress, emotional upset and embarrassment
Indicate whether the statement is true or false