At common law, the risk of loss or damage to goods identified under a contract of sale falls upon:
a. the buyer.
b. the seller.
c. the party who had title or ownership of the goods at the time of the loss or damage.
d. the designated party as determined by the court.
c
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The FASB Accounting Standards Codification is expected to provide all of the following benefits except
A) to reduce the research time necessary to solve an accounting research issue. B) to codify authoritative support such as results of academic research. C) to provide real-time updates as new standards are issued. D) to improve the usability of the authoritative accounting literature.
In Activity-based costing, the activity rates that are used to charge costs to each job are based on:
a. the direct labor hours incurred by each activity. b. the number of units produced. c. each activity's consumption of the resources required to sustain it. d. volume related cost drivers.
In making the transition from financial accounting to management accounting, you must become accustomed to using the historical dollar as the primary unit of measurement
Indicate whether the statement is true or false
Why is it most likely important to maintain this guest's satisfaction with the hotel and the front desk clerk?
A) The guest is visiting the ReView Hotel during the off season and is paying a below average rate for the room. B) The guest is already satisfied with the wireless service, so her cluster of satisfactions will be maintained if she is also satisfied with the hotel and the front desk clerk. C) The guest's membership in the hotel's rewards club indicates a previous level of satisfaction that should be maintained by the front desk clerk to ensure customer loyalty. D) The hotel maintains exclusivity through various pricing levels and room features. E) The clerk is the only employee of the hotel with whom the guest will have contact.