MotorCo Inc makes and sells auto parts to retail repair services, vehicle sales outlets, and consumer parts stores. On one MotorCo box is a label that reads "Contains one gross (144) sparkplugs, assorted sizes.". This statement is
a. an implied warranty of fitness for a particular purpose.
b. an implied warranty of merchantability.
c. an express warranty.
d. none of the choices.
C
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In calculating a company's accounts receivable turnover, which of the following sets of factors would be used?
a. Net income and average accounts receivable b. Average accounts receivable and average total assets c. Average accounts receivable and net credit sales d. Net credit sales and average stockholders' equity
Outside financing:
A. increases a firm's drive for sales and profits. B. increases the venture's impulse to spend. C. increases the company's flexibility. D. usually takes between 15 days to three months to raise capital.
Which of the following is an important benefit of experimentation?
a. It makes you get out from behind the desk. b. Assumptions are validated or proven false. c. It generates new ideas. d. It generates new business plans.
The new company brochure was created by my boss and ____
A) me B) I C) we