Which of the following is not a generally accepted basis for inventory valuation?
a. net realizable value
b. variable manufacturing cost
c. replacement cost
d. acquisition cost
e. net realizable value reduced by a normal profit margin
B
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In most states, a job applicant must take a lie detector test
Indicate whether the statement is true or false
Cheryl got a new job that pays extremely well. This is good because two years ago she was forced to go into bankruptcy when she couldn't repay her debt. She would like to purchase a used car so she can drive to work. However, she knows it will be hard to get the bank to provide her with a car loan at favorable interest rates due to her recent bankruptcy. She has therefore saved her money diligently so she will have enough to pay for the car outright. In this case, Cheryl lacks
A. buying power. B. credit. C. discretionary income. D. willingness to buy. E. income.
Tim buys a high-powered tool from Binford Tools to use on the construction of his own garage. Binford Tools provides a full warranty on the tool for the first six months. To pay for the tool, Tim signs a negotiable promissory note which contains the FTC Consumer Credit Notice. Binford properly negotiates the note to First Finance. Within three weeks, the tool stops working and Binford refuses to
repair or replace it. In the meantime, First Finance demands payment from Tim. Under the Federal Trade Commission rules, this consumer credit situation means First Finance A)can collect if it is a holder in due course. B)can collect if it is not a holder in due course. C)can collect whether or not it is a holder in due course. D)cannot collect.
Specifications that establish the compatibility of products and the ability to communicate in a network are called
A) network standards. B) telecommunications standards. C) technology standards. D) Internet standards. E) compatibility standards.