Which of the following is true of primary liability??
A) A maker of notes does not carry a primary liability

B) A drawee is liable only by writing "accepted" and signing the draft.
C) A person with primary liability is liable to pay before the instrument is due.
D) An acceptor of drafts does not carry a primary liability.


B

Business

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Explain the product/service life cycle model

What will be an ideal response?

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Which of the following is the correct formula for measuring a cost variance?

A) Cost Variance = (Actual Cost + Standard Cost) / Actual Quantity B) Cost Variance = (Actual Cost - Standard Cost) x Actual Quantity C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity

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Garza Company had sales of $135,000, sales discounts of $2,000, and sales returns of $3,200. Garza Company's net sales equals:

A. $135,000. B. $5,200. C. $140,200. D. $133,000. E. $129,800.

Business

Setting performance standards is the final step in a control system.

Answer the following statement true (T) or false (F)

Business