The doctrine of ________ governed the law of sales and leases for centuries before the UCC was adopted.
A. cogito ergo sum
B. caveat emptor
C. res ipsa loquitur
D. carpe diem
Answer: B
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Unlike other car rental agencies that are based in airports to serve travelers, Rental Wheelz has a network of neighborhood offices
The firm strives to serve people who need car rentals for reasons other than vacation, such as when their own cars are being repaired. Rental Wheelz caters to a small share of the large car rental market. From this description, it can be concluded that Rental Wheelz most likely practices ________. A) undifferentiated marketing B) multi-segmented marketing C) individual marketing D) local marketing E) concentrated marketing
Canada Company needs to purchase a property to build their headquarters. An investor is willing to exchange land with a market value of $700,000 for shares of common stock. On the statement of cash flows, this transaction would be shown as ________.
A) investing activities B) non-cash investing and financing activities C) operating activities D) financing activities
Vitamin drinks are in the growth stage of their product life cycle. This means that promotion for vitamin drinks most likely focuses on ________
A) encouraging trial through sales promotion B) creating public awareness through public relations C) encouraging customers to switch brands through sales promotion D) stressing product benefits through advertising E) using competitive-parity strategies
The FASB's and IASB'S qualitative characteristics describe the attributes that enhance the usefulness of financing reporting information. What are they?