A seller's statement that "this is a terrific used car" generally creates an express warranty.

a. true
b. false


b. false

Business

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Using financial leverage results in a fixed change that can materially affect the earnings available to the common shareholders

Indicate whether the statement is true or false

Business

SFAS No. 130 allows all but which of the following regarding comprehensive income?

a. Reporting comprehensive income in a combined statement of financial performance b. Reporting comprehensive income in a separate statement of comprehensive income which would begin with net income c. Reporting comprehensive income within a statement of changes in equity d. Not reporting comprehensive income

Business

The ________ is a federal statute, enacted in 1930, that prohibits price discrimination

A) Sherman Act B) Clayton Act C) Robinson-Patman Act D) Federal Trade Commission Act

Business

In collective bargaining, wages and hours are considered which type of subjects?

A) Compulsory B) Permissive C) Linked D) Optional

Business