Society enforces all promises in the interests of simple morality.
a. true
b. false
b. false
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The budget that described how many units must be produced in order to meet sales needs and ending inventory objectives is the:
A) production budget. B) direct materials purchases budget. C) cash budget. D) budgeted income statement. E) none of these.
Export or import agents are basically merchant wholesalers who specialize in international trade.
Answer the following statement true (T) or false (F)
A sales representative called on the Smiths at their home to sell them frozen food (steaks, chicken and veal) along with a small freezer for $1000 . After a very persuasive sales pitch, the Smiths agreed. Two days later they regretted their decision, contacted the company, and stated that they had decided to rescind the contract and return the food and the freezer. May they?
a. No, it was an in-home sale and not unsolicited merchandise. b. No, they executed a contract. c. No, the Smiths have title to the food and the freezer. d. Yes, the three-day in-home sales rule of the FTC allows the Smiths to rescind the contract.
Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from for its clients. The name "Sekelow Enterprises" and the company address appear on the postcards used along with: "VERY IMPORTANT: PLEASE CONTACT US ABOUT YOUR DILLARD'S DEBT." A) Sekelow has violated the Fair Debt Collections Practices Act
B) Sekelow has not violated the Fair Debt Collections Practices Act if it follows up with a phone call and verification of debt. C) Sekelow cannot collect the debt without registering as a credit repair organization. D) Both a and c