A check is issued to pay the rent for 6 months in advance. The cash account will be credited. What account will be debited for this transaction?
a. Prepaid rent
b. Rent expense
c. Unearned rent
d. Rent payable
e. Rent earned
a
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The introduction of Diet Coke by the Coca-Cola Company is an example of ________
A) line extension B) brand harmonization C) category extension D) brand dilution E) co-branding
For which of the following media is the processing of information in advertisements likely to be externally paced?
A. Magazines and newspapers B. Internet and direct mail C. Transit advertising and billboards D. Magazines and billboards E. Television and radio
Deirdre read that bids were being solicited for the construction of an apartment tower. Deirdre submitted the lowest bid and was offered the contract contingent on her providing acceptable sureties in the amount of $1 million. Because Deirdre never had
done work on this scale, it was virtually impossible for her to obtain the appropriate sureties. She convinced Reassuring Sureties, Inc to issue the necessary commitment by misrepresenting that she was a famous builder in Canada. As the work progressed, it seemed to be going well and Deirdre was asked to make the project 52 stories instead of 50 stories, which was the original contract height. She agreed to this change. After the work was completed, many breaches of contract on the part of Deirdre became evident. Reassuring Sureties was sued for a $500,000 loss. Reassuring Sureties defended on the grounds of fraud and material change in the contract. Decide.
A product can be defective for purposes of liability for injury if proper warnings about its use are not given
Indicate whether the statement is true or false