Long-lived assets with extremely long useful lives, such as land and works of art, are treated as having an indefinite life

Indicate whether the statement is true or false


T

Business

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If a seller has not made a specific representation about a product, the buyer may still be protected by an express warranty.

Answer the following statement true (T) or false (F)

Business

In RBC models, the government

A. is the main source of business cycles. B. plays little role in the business cycle. C. can affect the business cycle through predictable fiscal policy. D. can affect the business cycle through predictable monetary policy.

Business

What is job satisfaction largely based on? What is not a major determinant of job satisfaction?

What will be an ideal response?

Business

An agreement in which a buyer agrees to buy all the goods produced by a manufacturer is known as:

a. a requirements contract. b. an output contract. c. an exclusive dealing contract. d. an option contract.

Business