Many express warranties are made through advertisements.
Answer the following statement true (T) or false (F)
True
Advertisements can make specific statements about a product that can establish an express warranty.
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Corporation ABC is in a highly competitive industry. NGO pressure has been exerted to have this industry change its sourcing policies. ABC decides to publicly announce that it is the first in the industry to change in sourcing policy. Spar and LeMure define this as a ________ response type used to gain a ________ advantage over others in the industry.
A) competitive; pre-emption B) resistance; pre-emption C) pre-emption; competitive D) capitulation; competitive E) resistance; collective
Which perceptual distortion stated in the textbook is a process in which people transfer their own thoughts, motivations, feelings, and desires to others?
A. self-fulfilling prophecy B. projecting C. halo effect D. contrast effect
Lester Company purchases a piece of equipment on Jan. 2, 2010, for $30,000 . The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000 . Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2010, using the production method and assuming that 6,100 units are produced, is:
a. Equipment 3,050 Accumulated Depreciation– Equipment 3,050 b. Equipment 3,172 Accumulated Depreciation– Equipment 3,172 c. Depreciation Expense — Equipment 3,294 Accumulated Depreciation– Equipment 3,294 d. Depreciation Expense — Equipment 3,416 Accumulated Depreciation– Equipment 3,416
The order of presentation of activities on the statement of cash flows is
A) operating, investing, and financing. B) operating, financing, and investing. C) financing, operating, and investing. D) financing, investing, and operating.