In many nations there are insecure property rights; many people do not formally own a house they may have built
a. True
b. False
Indicate whether the statement is true or false
True
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Bugs R Us, an organic gardening merchant, sells and delivers 100 units of live lady bugs to eat the bad bugs on the buyer's award-winning vegetables. The buyer ordered the lady bugs without consultation with Bugs R Us for suggestions. Although the buyer correctly knew that lady bugs were the appropriate bugs for eating bad bugs on vegetables, when the lady bugs were delivered, they refused to eat
the bad bugs. The merchant has breached which warranty? a. Implied breach of fitness for a particular purpose. b. Implied breach of merchantability. c. No warranty, as you can't control the behavior of insects. d. Implied warranty against infringement.
________ has identified 13 types of political games played in organizations.
A. Robert Konopaske B. Henry Mintzberg C. Peter Drucker D. John Milgram
Disregarding risk, if money has time value, it is impossible for the future value of a given sum to exceed its present value.
Answer the following statement true (T) or false (F)
Which of the following is an example of a loss contingency that should be disclosed in a footnote to a company's financial statements?
A. The company owns special-purpose machinery that, if sold, would probably bring a price less than its current book value. B. A lawsuit has been brought against the company, but the company hopes to prevail in the suit and thereby avoid any liability. C. The allowance for uncollectible accounts receivable is estimated at $200,000. D. The president of the company has threatened to resign if the board of directors does not vote to increase executive salaries.