The return on assets pricing method
A) has very little appeal and support.
B) has a primary objective of earning a minimum rate of return on assets.
C) is a crude approach to pricing and should be used as a last resort.
D) replaces the desired rate of return used in cost-based pricing methods with a desired profit objective.
B
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Which of the following statements is true about malpractice suits?
A) They are service liability suits brought against professionals. B) They are service liability suits brought against manufacturers. C) Strict liability is usually applied to malpractice suits. D) Strict liability is generally not applied if the defendant has provided both a good and a service.
In a process costing system, the purchase of raw materials is credited to Raw Materials Inventory.
Answer the following statement true (T) or false (F)
Identify the basic job of a President of the United States, the source of executive power, and three key powers associated with the position of President
Daddy buys an electric car for his 10-year-old son. Daddy follows the directions for assembly carefully, but the son gets an injuring shock when he sits in the car. If Daddy and son sue the manufacturer for negligence, they will:
a. be successful only if they can prove that the car manufacturer knew of the defect and failed to correct it. b. be successful only if they can prove that the car manufacturer failed to use reasonable care in designing, manufacturing, or warning the purchasers about intended uses and foreseeable misuses. c. lose, because the son has no privity of contract and therefore no standing to sue. d. not be successful if the car was sold "AS IS."