Which of the following should be classified as an intangible asset?
A) Land held for future use
B) Long-term notes receivable
C) Special funds established to pay off a debt
D) Copyright
D
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_____________ is the set of techniques used for implementing planned change to make people and organizations more effective.
A. Corporate transformation B. Organizational development C. Revitalization D. Continuous improvement E. Incremental innovation
The cash budget and the budgeted financial statements are collectively known as the ________
A) operating budget B) master budget C) financial budget D) production budget
Which of the following is LEAST likely a result of shifts in the cultural and social environment?
A. BMW builds its new plant in South Carolina because of the willingness of "Sun Belt" workers to put in a "full day's work." B. A toy manufacturer recalls a playpen with a defective latch, and Toys 'R' Us stores removes the playpens from the shelf. C. Haagen-Dazs introduces a nonfat yogurt that is also "low cal." D. Sony recruits more women graduates for sales management positions. E. Domino's Pizza finds that demand for pizza delivered at home has expanded as more consumers are willing to pay for more convenience.
Under Article 2 of the UCC goods sold by merchants may be covered by a warranty. An example of an express warranty would be a warranty of
a. fitness for a purpose. b. merchantability. c. conformity to the description of the purchased goods. d. conformity to those goods purchased according to usage in the trade.