If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
A) n/30
B) FOB shipping point
C) FOB destination
D) consigned
B
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Answer the following statements true (T) or false (F)
1. Declaring and paying dividends causes an increase in both assets and stockholders' equity of the corporation. 2. Legal capital refers to the portion of stockholders' equity that cannot be used for dividends. 3. If preferred stock is noncumulative, the company is required to pay dividends that were passed in previous years. 4. The declaration date is the date the corporation prepares a journal entry to record that stockholders will receive dividend checks. 5. No journal entry is made on the dividend declaration date.
Which of the following is not true regarding the approach to design that promotes cross-functional participation in the design stage?
A. It may involve customers in the design process. B. It takes a sequential approach to design. C. It has been called "concurrent engineering." D. It helps to identify many of the potential sourcing, manufacturing, and other difficulties associated with a particular design.
Ricci, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to faulty grading, Ricci is sued by motorists and hikers injured in the collapse. As a professional, Ricci is held to A) the reasonable ordinary person standard
B) the reasonable engineer standard. C) the standard of professionals, including doctors, dentists, and lawyers. D) the standard expected by those injured in the collapse of the bridge.
In Herman v. Local 1011, United Steelworkers of America, the constitution of the steelworker's international union conditions eligibility for local office on the member's having attended at least eight of the local's monthly meetings within the two years preceding the election. Noting that the rule disqualifies 92 percent of the almost 3,000 members of Local 1011 of the steelworkers union, the
District Judge, at the behest of the Secretary of Labor:? A) made the rule optional for union members.? B) ?suggested reelection of the union leadership. C) ?declared the rule void. D) ?rescinded the representative authority of the union.