Primo Pools Company and Aquatic Recreation, Inc., enter into a contract for a sale of prefabricated swimming pools. Under either a shipment contract or a destination contract, the seller must
A. allow the buyer to reject the goods for any reason.
B. deliver the goods to a particular destination.
C. place the goods into the hands of a carrier.
D. provide the buyer with any necessary documents of title.
Answer: D
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Answer the following statements true (T) or false (F)
1) A company discovers that its cost of goods sold is understated by an insignificant amount. It does not need to correct the error because of the conservatism principle. 2) The accounting principles followed for a $5,000 cost in a small company must be the same as the accounting principles followed for a $5,000 cost in a large company. 3) Properly recording inventory when sold and removing the units sold from the inventory count will prevent a company from running out of inventory. 4) Maintaining good controls over merchandise inventory ensures that inventory purchases and sales are properly authorized and accounted for by the accounting system. 5) Ending inventory is calculated by multiplying the number of units on hand by the unit cost.
Which of the following is an integral component of Positive Psychological Capital
a. Self-efficacy b. Hope c. Optimism d. All of the above
Placing graphic aids in the appendix is
a. recommended when the graphic would make the discussion complicated to follow. b. recommended the majority of the time to simplify text preparation. c. not recommended if the information is quantitative. d. never recommended.
________ is when people make choices that bring the greatest good to the greatest number.
a. Utilitarianism b. Altruism c. Dentological theory d. Ethical egoism