The parol evidence rule does not prevent the use of evidence that a party would like to use to establish the defense of fraud, duress, or undue influence
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1. When more units are sold than produced, operating income is higher under absorption costing than variable costing. 2. For every unit that is produced but not sold, absorption costing "hides" some of the fixed manufacturing overhead in ending Finished Goods Inventory. 3. The use of variable costing to determine managers' bonuses does not give the incentive to produce more products than needed. 4. Under absorption costing, the more units added to ending Finished Goods Inventory, the less fixed manufacturing overhead is "hidden" in ending Finished Goods Inventory at the end of the accounting period. 5. Under absorption costing, the more fixed manufacturing overhead in ending Finished Goods Inventory, the larger the Cost of Goods Sold.
Congress enacted the Truth in Savings Act which requires all depositary banks to disclose in great detail to consumers the terms and conditions of their deposit accounts
a. True b. False Indicate whether the statement is true or false
The event manager usually provides the Web address and access codes to send to participants.
Answer the following statement true (T) or false (F)
Karl's Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl's is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes
activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of these requests, Karl has entered into negotiations with three providers of high-quality rock climbing shoes and gear. What do Karl's activities show about his marketing for Karl's Sporting Goods? A. He provides place utility for all outdoor sports enthusiasts. B. He has a marketing concept and is acting on it. C. He has increased his production orientation. D. He has increased its sales orientation.