Legally sufficient consideration is something of value in the eyes of the law
Indicate whether the statement is true or false
True
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Sales transactions should be documented at initiation in order to accomplish which of the following objectives?
a. To provide the customer a copy of the transaction. b. To provide evidence of authorization and recording. c. To offer credit to customers. d. To generate back orders.
Which of the following statements is False?
a. In a process costing system, manufacturing costs do not necessarily have to follow the physical flow of goods. b. The cost of the completed units in the predecessor departments are treated as input cost is sucessor departments. c. Transfered-in costs are treated the same as any other cost in the calculation of EUP and the cost of EUP. d. Costs incurred by predecessor departments are called transferred-in costs by the successor departments
_____________ is the influence a leader gains over others when they desire to identify and be associated with him or her.
a. Referent power b. Legitimate power c. Expert power d. Reward power
Neon orders one thousand 25-foot nylon ropes from Hang'em High Co Upon inspection of the delivery, Neon learns that Hang'em sent five hundred 25-foot ropes and five hundred 20-foot ropes. Neon may:
a. demand that Hang'em send 500 additional 25-foot ropes. b. accept the 500 conforming ropes and reject the 500 nonconforming ropes. c. seek an installment contract. d. declare an anticipatory repudiation.