FOB destination means that the buyer accepts ownership when the goods arrive at the buyer's place of business.
Answer the following statement true (T) or false (F)
True
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Which of the following most accurately describes the position taken by current generally accepted accounting principles?
a. Both pooling of interests and the purchase method are still permitted under certain circumstances. b. The valuation basis to be applied is the acquisition method under which the fair value of consideration transferred includes any contingent consideration, but excludes direct combination costs.. c. The valuation basis to be applied is the cost method under which the valuation basis is the fair value of the assets and liabilities acquired including direct combination costs, but excluding contingent consideration. d. The purchase method requires a business acquisition transaction to be structured to meet twelve very specific criteria required by generally accepted accounting principles.
Which of the following is an example of an exculpatory clause?
a. Creditor charges 38% interest on a loan b. Seller is not responsible for property damage regardless of the cause of the injury c. Buyer agrees to pay any costs of litigation d. Employee agrees to never work for a competing company
The tailored strategy "Focus on low-cost, decentralized capacity for predictable demand" follows which risk mitigation strategy?
A) Get redundant suppliers. B) Increase capacity. C) Increase responsiveness. D) Increase inventory.
Social media users can post trademarked images or copyrights materials without infringing the owners' rights, even if it is done without permission
a. True b. False Indicate whether the statement is true or false