Wal-Smart ordered 500 toy trucks from Mattsel to resell in its retail store. When the shipment from Mattsel did not arrive by the contract deadline, Wal-Smart purchased 500 toy trucks from TruckCo Wal-Smart's remedy is called:
a. correction.
b. tender of delivery.
c. cover by purchasing substitute goods from another seller.
d. cure by the seller.
c
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An operating segment is a reportable segment if it
A) satisfies the revenue, profit, and asset tests. B) satisfies the revenue, profit, or asset tests. C) operates predominately within a single industry. D) satisfies the net income test.
Major assumptions made in measuring business income include all of the following except
A) continuity. B) periodicity. C) matching. D) accrual accounting.
The historical amount reflects the acquisition cost of assets or the amount of funds originally obtained from creditors or owners
Indicate whether the statement is true or false
How should entrepreneurs think about leveraging latent needs?
a. Latent needs should lead to new solutions b. Latent needs should be considered in the design, but not the focus of the product c. Latent needs should be considered only in the packaging of the product d. Latent needs should be disregarded