To prove __________ in a product liability case, the injured party must show that the defendant did not use reasonable care in the design or manufacture of its product
a. negligence
b. strict liability
c. breach of warranty
d. defect
a
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As a general rule, revenue is recognized at the point of sale. Which one of the following situations illustrates this rule?
a. Products are sold to customers on credit with payment due in 30 days. b. Employees are paid wages the week after the wages are earned. c. Products are purchased for resale purposes. d. Interest is collected from amounts loaned to employees.
If a company issues both a balance sheet and an income statement with comparative figures from last year, a statement of cash flows:
a. is no longer necessary; but may be used at the company's option. b. should not be issued. c. should be issued for the current year only. d. should be issued for each period for which an income statement is presented.
The condition that a non-key attribute determines another non-key attribute is known as transitive dependency
Indicate whether the statement is true or false
In the context of supply chain management (SCM) technologies, _____ enables business partners to send and receive information on business transactions
A) a global positioning system B) a client-server interface C) electronic data interchange D) direct digital synthesis