________ is a duty owed by a member of an LLC (limited liability company) to not act adversely to the interests of the LLC
A) Duty of discharge
B) Duty of restitution
C) Duty of loyalty
D) Duty of resolution
C
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The accounts receivable master data is created as sales returns, bad debt write-offs, estimated doubtful accounts, or similar adjustments are processed
Indicate whether the statement is true or false
Which of the following statements about misrepresentation is false?
A. To "stay legal" a salesperson needs to understand the difference between general statements of praise and statements of fact. B. When salespeople loosely describe their goods or services in glowing terms, those statements cannot be relied upon by the potential buyer. C. Courts tend to favor salespersons in misrepresentation cases when the customer lacks product knowledge. D. A salesperson's opinion of the quality of the product being sold is known as sales puffery and is not legally actionable. E. When a salesperson makes claims of a "factual nature" regarding a service's inherent capabilities, the law treats these comments as statements of fact and warranties.
A cost object is how costs are related or identified
Indicate whether the statement is true or false
_________jurisdiction may exist when a plaintiff is a citizen of one state and the defendant is a citizen of another state, or when one party is a foreign country or a citizen of a foreign country and the other is a citizen of the United States
Fill in the blank(s) with correct word