Lynk Corp. drives perishable goods, such as eggs, bread, and muffins to small grocery stores. In addition to taking legal title of the goods it distributes, Lynk Corp. also checks the stock and suggests reorder quantities to the grocery stores. It is evident that Lynk Corp. is a(n) _____.
A. agent
B. broker
C. drop shipper
D. truck jobber
Answer: D
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When a person whom a regulatory statute seeks to protect enters into an agreement in violation of the statute, the protected person:
A. is only allowed to enforce the agreement. B. cannot recover in quasi contract for benefits conferred on the other party. C. may either enforce the contract or recover any consideration he or she has parted with. D. cannot recover for any loss but may enforce the agreement.
Explain how a company would utilize a single-product strategy and a diversification strategy (including a vertical integration strategy). Provide an example of a company that uses each type of strategy.
What will be an ideal response?
A salami fraud affects a large number of victims, but the harm to each appears to be very small
Indicate whether the statement is true or false
On a trial balance, if the Debit and Credit column totals are equal, then:
A. All entries from the journal have been posted to the ledger correctly. B. Equal debits and credits have been recorded for transactions. C. All ledger account balances are correct. D. All transactions have been recorded correctly. E. The balance sheet would be correct.