How does the doctrine of stare decisis help in creating stability in a legal system?
A) by ensuring that witnesses of a case will be protected by the state
B) by ensuring that the legal rights of a defendant are preserved
C) by allowing the use of precedence in deciding future cases
D) by allowing the use of writs
C
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Jennifer Cakes places a coupon in each box of its product. Customers may send in five coupons and $3, and the company will send them a recipe book. Sufficient books were purchased at a cost of $5 each. A total of 400,000 boxes of product were sold in 2016. It was estimated that 6% of the coupons would be redeemed. During 2016, 8,000 coupons were redeemed. Which entry should be made at December
31, 2016? A) ?Premium Expense 6,400Estimated Premium Claims Outstanding 6,400? B) ?Premium Expense 16,000Estimated Premium Claims Outstanding 16,000? C) ?Premium Expense 6,400Inventory of Premiums 6,400? D) ?Premium Expense 9,600Estimated Premium Claims Outstanding 9,600
Assuming that the performance obligation is satisfied over time, Construction in Progress represents inventory that is valued at
A) accrued cost. B) incurred cost. C) lower of cost or market. D) net realizable value.
Cross-selling is most effective in those situations in which the:
A) purchase is product-based B) sales type is transactional C) products are similarly designed D) relationship with the customer is new E) salesperson and customer have an established relationship
A business focusing on increasing the efficiency of its operations is more directly addressing:
A) volume flexibility. B) variety. C) consistent quality. D) low-cost.