Chord Guitars Inc sells guitars and other stringed instruments to consumers. A Chord salesperson says to a potential customer, "This Chord is the best guitar you'll find anywhere, even online." This statement is
A) an implied warranty of fitness for a particular purpose
B) an implied warranty of merchantability.
C) an express warranty.
D) puffery.
D
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Identify the guideline that should be followed by a supervisor to discourage unions.
A. interrogate employees about pro-union or anti-union sentiments that they or others may have B. report any direct or indirect signs of union activity to a core management group C. limit direct contact with employees D. promise employees that they will receive favorable terms or conditions of employment if they forgo union activity E. threaten employees with harsher terms and conditions of employment or employment loss if they engage in union activity
Using the concept of comprehensive income, which of the following items is included as part of comprehensive income but not as part of net income?
a. Extraordinary items b. Accounting changes c. Unrealized holding gains or losses d. Loss on sale of investments
A process cost accounting system is best used by manufacturers of like units of product that are not distinguishable from each other during a continuous production process
Indicate whether the statement is true or false
In 2001, Nike admitted that it used child labor to produce its expensive sportswear products while paying the children just pennies a day. In doing so, Nike ______.
a. deprived some children of the opportunity to have a childhood as in developed economies b. provided society with opportunities to have a more educated population c. created new consumers with the ability to purchase products and services d. showed it was being socially responsible