Karen is going downtown to shop. She pulls her car into a parking lot, stops, pays for and
receives a ticket, parks her car, and leaves. Karen keeps her keys and may get her car at any
time.
Several hours later, when Karen returns, she learns her car has been stolen. Which of the
following statements best describes this situation?
A) This is not a bailment because the bailee had no duty to return the goods.
B) This is not a bailment because there was no compensation paid.
C) This is a bailment.
D) This is not a bailment because there was no taking of possession by a bailee.
E) This is not a bailment because there is no personal property.
D
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Which of the following statements is NOT a delimitation?
a. The decision to use a telephone interview instead of a face-to-face interview b. The fact that it rained heavily every day during the time you did street-corner interviews c. The sample size selected d. The time span chosen for a survey
If a principal does not ratify an unauthorized contract, the principal is not bound
a. True b. False Indicate whether the statement is true or false
________ produces the lowest cost of goods sold and the highest gross profit when prices are increasing.
A) FIFO B) LIFO C) Average cost D) Specific identification
Downstream costs are not relevant to a product elimination decision.
Answer the following statement true (T) or false (F)