The courts have generally held that advertisements for the sale of goods at a specified price are not offers; instead, they are treated as invitations to negotiate or to make an offer.
Answer the following statement true (T) or false (F)
True
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In a lawsuit for malicious prosecution, the original defendant sues the original plaintiff
Indicate whether the statement is true or false
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinished units as is for $4.00 per unit. Alternatively, it could complete the units with incremental costs of $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead, and then sell the finished units for $8.00 each. What should the company do?
A. Finish the units. B. Neither sell nor finish because both alternatives produce a loss. Instead, the company should store the units permanently. C. It does not matter because both alternatives have the same result. D. Sell the units as is. E. Donate the units.
Jill Nolte is a director of Accucomp Limited. It becomes insolvent. For which of the following would Nolte be personally liable?
A) Amounts due from failure to pay for goods ordered by Accucomp B) For injury to a customer caused by the negligence of an Accucomp employee C) For income tax deducted from employee wages but not sent to the government. D) Both A and C E) All of the above
Once a company has decided to enter the global marketplace, it must select a means of market entry. Four general options exist: (1) exporting; (2) licensing; (3) joint venture; and (4) ________.
A. direct investment B. cooperative C. franchising D. unilateral venture E. microfinancing