Relationships with former colleagues will change after a member of the team is promoted to team leader.

a. True
b. False


a. True

Business

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Fashion with an extremely long acceptance cycle is considered to be classic

Indicate whether the statement is true or false

Business

In regard to strict liability in tort, which of the following is true in the case of a seller of used goods?

a. Sellers of used goods are not usually held strictly liable for goods sold. b. A seller of used goods is strictly liable for defective repairs made by the seller. c. A seller of used goods is usually held strictly liable only for inherently dangerous items such as power tools. d. A seller of used goods is usually held strictly liable only for inherently dangerous items such as power tools or for defective repairs made by the seller.

Business

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite

Indicate whether the statement is true or false

Business

Data below relate to the Torrence Company for May and August of the current year: May AugustMaintenance hours 25,000   29,000 Maintenance cost$1,175,000  $1,247,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. Which of the following statements is true?

A. The variable maintenance cost is $24 per hour. B. The variable maintenance cost is $22 per hour. C. The variable maintenance cost is $18 per hour. D. The fixed maintenance cost is $72,000 per month. E. More than one of the other answers is true.

Business