Reggie believed that the price of his stock was going to drop in the near future his strategy was to short sell that stock to make a profit
Indicate whether this statement is true or false.
Answer: TRUE
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Which one of the following is an example of an accrued liability?
a. Wages have been earned by employees, but have not been paid at the end of the period. b. Equipment that will benefit several periods has been purchased. c. An insurance policy that expires in a future period has been acquired. d. Supplies are purchased and used over several months.
Why are vendors in a better position to manage a category than a smaller retailer?
A. Vendors have superior information through their focus on a specific category. B. Retailers manage brands more often than categories. C. Retailers are traditionally poor category managers. D. Vendors work to manage higher sales within their companies. E. Retailers managing merchandise groups have little experience with categories.
A cash budget estimates receipts and expenditures of money on a daily or weekly basis.
Answer the following statement true (T) or false (F)
Which of the following best explains the parol evidence rule?
A) A court will accept evidence of any oral statement that changes or contradicts the terms of a written contract. B) A court will not accept evidence of any oral statement that changes or contradicts the terms of a written contract. C) A court will examine an oral statement made concerning the contract and decide which part to believe. D) A court will examine a statement made in negotiating the contract in determining misrepresentation. E) A court will only accept an oral statement as evidence if there are circumstantial guarantees of its trustworthiness.