Mia's new raincoat contains a label that reads "Professional dry clean only." This is an example of a(n)_____label.
A. data
B. union mandated
C. persuasive
D. informational
E. functional
Answer: D
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Accounting principles require that inventory be reported at the market value (cost) of replacing inventory when cost is lower than market value.
Answer the following statement true (T) or false (F)
A ____________style of conflict management strategies is the giving up of things you want in the hopes that the other side will do the same and that you can live with the outcome. A __________ style is when both sides are trying to find a solution that truly satisfies the needs of each.
What will be an ideal response?
The shareholder value model has been criticized for its tendency to foster a management preoccupation with _______________________________.
Fill in the blank(s) with the appropriate word(s).
Maia wrote a check which said, "Pay to the order of Kevin Mathews $10.97." The next line of the check stated, "One thousand ninety-seven Dollars." In applying the rules of interpretation, how much should the drawee pay?
A)Nothing; when the instrument is ambiguous it is declared non-negotiable. B)Ten dollars and 97 cents. Numbers control over words. C)One thousand, ninety-seven dollars or $1,097.00. Words control over numbers. D)Parol evidence would be needed to determine the purpose of the check.