Elmo, a minor, misrepresents his age to be twenty-one and contracts to buy a car from Fine New Autos. Ordinarily, Elmo can disaffirm the contract
A. only if he can prove that Fine New Autos did not know his true age.
B. only if he can prove that Fine New Autos knew his true age.
C. under any circumstances.
D. under no circumstances.
Answer: C
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If you are asked to summarize a discussion in class, you will likely use this delivery style
A) memorized B) manuscript C) extemporaneous D) impromptu
The balance of the Retained Earnings account represents
a. profits of a company since the date of its beginning less any losses, dividends to stockholders, or transfers to contributed capital. b. an excess of revenues over expenses for the most current operating period. c. cash set aside for specific future uses. d. cash available for daily operations.
A cost object is anything for which management wants to collect or accumulate costs
Indicate whether the statement is true or false
Communication between consumers about a brand, marketing offer, or marketing message is referred to as ________
A) publicity B) public relations C) direct marketing D) word of mouth E) personal selling