Price-break models deal with the fact that the selling price of an item generally increases as the order size increases.
Answer the following statement true (T) or false (F)
False
Price-break models deal with the fact that, generally, the selling price of an item varies with the order size.
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Which of the following formats provides more than two possible choices?
A) the multivariate format B) the tri-dual format C) the multiple-choice category format D) the n-way format E) none of the above: no question has more than two possible choices
The contribution margin format income statement classifies costs according to their behavior patterns.
Answer the following statement true (T) or false (F)
Dusty delivered his car to Gage's Garage for some routine repairs and at the time of delivery, was advised that the car would be ready in two days. That night, Dusty's car was stolen from the garage and was never recovered
If Dusty takes legal action against Gage in order to recover the value of the car, what will be the legal position? A) Dusty will not be able to recover the value of the car from Gage as he will be deemed to have assumed the risk of its loss. B) The garage operators will be deemed to have absolute liability for all goods lost in their possession. C) Dusty will have to prove that the garage operators were involved in the theft. D) Gage will not be found liable if it can show that it took reasonable measures to safeguard the car. E) The court will impose a very high standard of care on Gage which must show that it took every precaution to safeguard the car.
Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Bernard stopped smoking for six months, he would stop altogether. Bernard stops smoking for six months but then resumed his smoking. Helen will not pay him. She says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at
least implied that he would stop smoking for good. Can Bernard legally collect $100 from Helen? a. No, because under the law his stopping smoking was not adequate consideration. b. No, because it was implied that he would stop smoking for good, and he only quit for six months. c. Yes, because his stopping smoking for six months, as agreed, was adequate consideration for the contract. d. Yes, because stopping smoking was good for his health even if he only did it for six months.