There are no precedents on which the court deciding the case Financial Investment Co v. Goodhands Insurance, Inc, can base its decision. The court may consider
a. issuing an order according to the judge's personal values.
b. refusing to decide the case.
c. postponing a decision until a precedent is available.
d. basing a decision on public policy or social customs and values.
d
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What will be an ideal response?
Why is it important for a company to maintain the same accounting methods and practices from period to period?
The manager of a luxury car rental company has noticed that demand for rentals is highly dependent on the state of the national economy. When the economy is performing well, she experiences lots of demand. However, when the economy is poor, she experiences very little demand. This demand pattern is likely an example of?
a. Trend b. Seasonality c. Cyclical d. Random variation
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What will be an ideal response?