Refer to Fact Pattern 19-1B. Fruits & Vegetables files a suit against Grover's, claiming that the buyer assumed the risk of the spoilage of the unsold produce. The court may allow evidence of this term if it finds that the parties' contract is.

a. ?not fully integrated.
b. ?none of the choices.
c. ?a complete and final statement of their agreement.
d. ?fully integrated.


Answer: a. not fully integrated

Business

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Gains or losses associated with derivative financial instruments would be included in income from continuing operations

Indicate whether the statement is true or false

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Which of the following is a benefit associated with budgeting?

A. Enhances performance measurement B. The ability to take corrective action to improve performance C. Promotes planning and coordination D. All of the answers are correct

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General Motors groups related activities into units based on the type of automobile that is produced: Buick, Cadillac, Chevrolet, and GMC (trucks). Which type of departmentalization does this portray?

a. functional departmentalization b. territory departmentalization c. customer departmentalization d. product departmentalization

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Firms can use free cash flow to

a. repay borrowing. b. pay a dividend. c. repurchase common shares. d. add to cash on the balance sheet. e. all of the above.

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