A seller should enter into a contract of indemnity with a manufacturer giving the seller a right to reimbursement if found liable for a defect caused by the manufacturer
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements about the minimum wage is accurate?
a. Free market advocates support higher minimum wages to keep the labor force healthy. b. States can establish their own minimum wages, but only if they are higher than the federal minimum wage. c. The federal minimum wage is generally determined based on what is believed to be a living wage. d. In 2015, about 12.6 million workers were paid a minimum wage.
Product life cycle (PLC) includes four basic stages: introduction, growth, maturity, and delay.
Answer the following statement true (T) or false (F)
Elgin Company sells merchandise with a one year warranty. In 2009, sales consisted of 2,500 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2009 and 70% in 2010. In the 2009 income statement, Elgin should show warranty expense of
A) $7,500 B) $17,500 C) $25,000 D) $0
A plan to deal with project risks would be referred to as a?
a. Risk mitigation plan b. Risk elimination plan c. Risk reduction plan d. Risk aversion plan