A salesperson says “These tires will last you for 100,000 miles”. This statement establishes:
a. an implied warranty
b. a contract
c. an express warranty
d. a tort
e. an expectation
c. an express warranty
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Which of the following statements about a code of ethics is most true?
a. A code of ethics is rarely a written document but instead an informal understanding between people who work for a particular organization. b. Most codes of ethics offer guidance on how to treat stakeholders. c. The purpose of a code of ethics is to keep top management out of jail. d. Codes of ethics typically prohibit bribes unless it is the accepted way of doing business in a foreign country. e. Workforce diversity is not covered in a code of ethics; instead it is usually covered in a separate diversity code.
Good icebreaker topics include health, money, and politics
Indicate whether the statement is true or false
Flash Foods is the name of a chain of convenience stores with self-service gas pumps. What do you know about the convenience stores?
A. They carry a wide assortment of products B. They carry a limited line of high-turnover goods C. They compete on the basis of low price D. They carry a limited but deep assortment of products E. They carry the freshest of produce
On April 7, 2018, Pate Corp. sold land to Shannahan Co., its subsidiary. From a consolidated financial statement point of view, when will the gain on this transfer actually be recognized?
What will be an ideal response?