The amount that a partner withdraws as a monthly salary allowance does not affect the division of net income
Indicate whether the statement is true or false
True
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Pursuant to the power given to it by Article III of the U.S. Constitution, Congress has established the U.S. courts of appeals
Indicate whether the statement is true or false
Which of the following statements correctly reflects the relationships among quantity, cost, and price, based on the cost-oriented pricing model?
A. The average total cost is usually obtained by adding the profit per unit to the quantity demanded at selling price. B. Cost-oriented selling price per unit is usually determined by adding the variable cost per unit with the estimated quantity to be sold. C. The quantity demanded at selling price is the quantity used to compute the average cost. D. The estimated total number of units to be sold usually determines the average fixed cost per unit.
If the buyer relies on the seller's skill or judgment to select the goods for that purpose, a(n) suited for that purpose is created
a. explicit warranty b. implied warranty c. extra warranty d. express warranty e. none of the other choices are correct
In Leegin Creative Leather Products v. PSKS, a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance). The Supreme Court held that:
a. all vertical price fixing subject to a per se rule of illegality b. resale price maintenance that injures intrabrand competition would be generally illegal c. vertical price restraints injure the ability of sellers to compete so are generally illegal d. vertical price fixing of minimum prices is subject to a per se rule of illegality e. none of the other choices