Two business companies dispute the quality of goods delivered by the seller and the price agreed to by the buyer. With regard to this dispute, the two firms can
A. any of the choices.
B. litigate it.
C. settle it between themselves.
D. resolve it through an alternative method, such as arbitration.
Answer: A
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Which of the following will not affect retained earnings?
a. Declaration of a stock dividend b. Payment of a cash dividend previously disclosed c. Adjustment for an error of a prior period d. Net income e. Net loss
P&G introduced its Duncan Hines ready-to-spread frosting in a small geographic area
When General Mills became aware of the product, it rushed to market its own Betty Crocker ready-to-spread frosting, which eclipsed the Duncan Hines product introduction. General Foods was able to enter the ________ stage of the new product development process before P&G could. A) commercialization B) co-marketing C) idea generation D) idea screening E) simulation
Which of the following statements is true about strict liability?
A. It applies only to manufacturers of a defective product. B. It is liability without fault. C. It requires privity of contract between the plaintiff and the defendant. D. It covers casual sales and transactions.
Trade selling and missionary (detail) sales are both examples of sales:
A) directly from the manufacturer to the consumer B) from the distributor to the consumer C) bypassing the manufacturer to the distributor D) inside the supply chain but not to the consumer E) externally from the consumer to the supplier