What did the first lie detector machine use as a criterion for detecting falsehood?
a. blood pressure
b. skin changes
c. eye movement
d. breath rate
a. blood pressure
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With respect to retailing, assortment is often referred to as the
A. irregulars. B. closeouts. C. power perimeter. D. variety of merchandise. E. depth of merchandise.
Sheila offers to pay $30,000 for a new car, but the salesman wants $32,000. The salesman offers to throw in a premium sound system with a value of $1500 and charge her $31,500. Sheila values the sound system enough to feel that this is a good deal. Sheila and the salesperson used which form of conflict management?
a. Compromise b. Collaboration c. Competition d. Avoidance
A company uses the perpetual inventory system and recorded the following entry:Accounts Payable2,500 Merchandise Inventory 50Cash 2,450This entry reflects a:
A. Purchase of merchandise on credit. B. Payment of the account payable less a 2% cash discount taken. C. Payment of the account payable less a 1% cash discount taken. D. Sale of merchandise on credit. E. Return of merchandise.
Which of the following statements is true concerning the limitations upon a holder in due course rights?
a. The FTC rule regarding consumer transactions and the holder in due course rule is called the shelter rule. b. The FTC rule restricting the rights of a holder in due course applies to goods sold only by merchant sellers. c. The FTC has a rule restricting the rights of a holder in due course that is applicable to consumer credit contracts. d. The FTC allows sellers and creditors to take or receive a consumer credit contract with the holder as and when the need arises.