Fraud refers to errors that can occur in interpreting persuasive messages
Indicate whether the statement is true or false
F
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Which of the following statements supports technology driven approach to the marketplace?
A) Products should be tested and proven before releasing them. B) Providing technology to salespeople can help increase volumes. C) Quality improvement in products can result in customer value. D) Customer information systems can be used to increase sales.
An employer is held liable for damages caused by an accident involving an employee driving the company car on company business. Identify the law underlying this decision.
A. The doctrine of caveat lector B. Implied warranty of merchantability C. The doctrine of caveat emptor D. The doctrine of respondent superior
Which of the following methods of accounting for business combinations has been viewed as an important motivation for business combinations?
a. Pooling of interests b. The purchase method c. The new entity approach d. Proportionate consolidation
Land Shoes Land Shoes received a promissory note from a customer on July 1, 2012. The face value of the note is $45,000; the terms are 12 months and 10% annual interest. Refer to the information provided for Land Shoes. At the maturity date, the customer pays for the note and interest. Land Shoes made the proper adjustment at the end of December 2012 for interest. The effect of recognizing the
transaction on the maturity date is: A) a decrease to cash. B) a decrease to interest receivable. C) an increase to interest receivable. D) a decrease to notes receivable.