The freedom-to-contract doctrine has been limited by the implied warranty doctrine, as well as by the courts' relaxation of strict privity relationships between manufacturers and consumers
Indicate whether the statement is true or false
TRUE
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Which of the following statements is true about investments categorized as trading securities?
a. They are valued on the balance sheet at cost. b. They can consist of debt, but not equity, securities. c. They are purchased to be held to maturity. d. Changes in market value are reflected in net income.
Consider such brand names as A1 Steak Sauce, 409, A & D Ointment, A & W Root Beer, and Super 8. Why might such names with alphanumeric characters appear in so many brand names?
What will be an ideal response?
Leno Corporation operates in three different industries each of which is appropriately regarded as a reportable segment. Segment B contributed 30% of Leno Corporation's total sales. Sales for Segment B were $350,000 and traceable costs were $200,000 . Total common costs for all segments were $500,000 . Leno allocates common costs based on the ratio of each segment's sales to total sales. What
should be the operating profit (loss) for Segment B? a. ($10,000) b. $10,000 c. -$0- d. $150,000
In chapter 6 of your textbook, games characterized by conflict that is moderate, confined, and relatively stable, and that can be found in publicly accountable professional organizations such as hospitals or schools are termed ____________.
a. Confrontation b. Shaky alliances c. Politicized organizations d. Complex political arenas