A property insurance policy is used by a business owner to insure buildings and personal property owned, but not leased, by the business.
Answer the following statement true (T) or false (F)
False
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When completing the work sheet, the debit and credit figures should be combined for the Income Summary
Indicate whether the statement is true or false
Why should mission statements be market oriented instead of product or technology oriented?
What will be an ideal response?
ABC, Inc., is a small clothing manufacturer that produces polo shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one polo shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each polo shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. How many decision variables are there in this LP formulation?
A. one B. two C. three D. four
Which of the following best describes an express warranty?
A) Any promise, oral or written, obligating the seller to repair or replace goods for a specified period of time B) Any statement or other representation made with respect to goods C) A written provision obligating the seller to repair or replace goods for a specified period of time D) Any guarantee that the goods will pass without objection in the trade