Minors are liable for the contract price of any necessaries of life for which they contract
Indicate whether the statement is true or false
FALSE
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Which of the following is a major step in completing the accounting cycle?
A) Prepare financial statements B) Record transactions, events, and arrangements C) Prepare adjusting entries D) All of these answer choices are correct.
The main goal of tariffs is to
A. penalize importers for not buying domestic goods. B. increase the selling price of imported goods, thereby reducing competition for domestic producers. C. raise revenues for the importing government. D. reduce earnings for the exporting government.
Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in 5 working days, but the hardware is on backorder and will not arrive for another 9 working days. Fortunately, Tom has 10 days of slack; however, he shares this slack with the hardware installer. He will have to let the contractor know that the hardware will be ready 4 days later than expected and that the slack for the installer has been reduced by 4 days. Tom and the installer share 10 days of
A. Shared Slack. B. Functional Slack. C. Total Slack. D. Free Slack. E. Critical Slack.
Which ethnic group in the United States represents a marketing opportunity for firms because it tends to earn more, have more schooling, and be more likely to be professionally employed or own a business?
A. Middle Eastern B. Hispanic C. Northern European D. Asian American E. African American