In an automated warehouse, orders are fed directly from the retailer's information system into the wholesaler's, and the items are picked up by mechanical devices and taken to a shipping platform where they are assembled
Indicate whether the statement is true or false
TRUE
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The payment of wages to employees is an internal event
a. True b. False Indicate whether the statement is true or false
If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 were 20% completed at November 30, the number of equivalent units of production for November was 90,000. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
Indicate whether the statement is true or false
Karen decided to sell her stair step exerciser, because she wasn't using it as much as she thought she would. Her friend Lydia bought it from Karen for $100 . The first day that Lydia used the exerciser, it fell apart, injuring Lydia's ankle. Lydia:
a. can sue Karen for breach of the warranty of merchantability, because the exerciser is not fit for the ordinary purpose intended. b. cannot sue Karen for breach of the warranty of merchantability, because Karen did not expressly warrant the quality of the exerciser. c. cannot sue Karen for the warranty of merchantability because this warranty was not implied in this situation. d. cannot sue Karen, because they are not in privity of contract.
To prevent the use of the insurance policy for wagering purposes, the person who is to be indemnified under the contract must have:
a. good faith. b. an insurable interest. c. a binder. d. a coinsurance clause.