On April 18, Marco bought a sailboat from a local marina. The boat was defective and did not turn about properly. Marco used the boat extensively all summer and the boat was no longer in the same condition as when it was bought. By September 30, Marco had waived his right to revoke acceptance
a. True
b. False
Indicate whether the statement is true or false
True
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When it comes to social media, only some consumers want to engage with some brands, and, even then, only some of the time
Indicate whether the statement is true or false
Which of the following is NOT a element of internal controls for inventory?
a. Authorization for all purchases. b. Proper accounting for receipt of inventory. c. Perpetual inventory system. d. Rapid introduction of new products without market studies.
Mega Skateboard Supplier had net sales of $2.1 million, its cost of goods sold was $1.1 million, and its net income was $0.7 million. Its gross margin ratio equals:
A. 48%. B. 191%. C. 33%. D. 52%. E. 64%.
Which of the following is a component of the “born morally neutral” philosophy of human nature?
a. Prior to birth, the mind exists in a spiritual realm. b. Kindness is part of the human DNA. c. Children have an innate “moral sense.” d. Newborns have moral capacities.