In order for the government contractor defense to apply, all of the following must be present
except:
A) The contractor presented the government with a proposed safer design for the product.
B) The contractor warned the government of any known defects or dangers.
C) The government set precise specifications for the product.
D) The product conformed to the government specification.
E) All four of the above must be proven in order for the defense to apply.
A
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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory290 units @ $14 5Purchase290 units @ $16 10Sales 210 units @ $2415Purchase170 units @ $17 24Sales 160 units @ $25
A. $6250 B. $6080 C. $5510 D. $5900 E. $5340
Legal capital is a descriptive phrase for
a. stockholders' equity. b. residual equity. c. market value. d. par value.
Which of the following is true of a p-chart?
A) The lower control limit is found by subtracting a fraction from the average number of defects. B) The lower control limit indicates the minimum acceptable number of defects. C) The lower control limit equals D3 times p-bar. D) The lower control limit may be at zero. E) The lower control limit is the same as the lot tolerance percent defective.
Dante enters into a contract with Rosalinda, who does not have contractual capacity. Dante can enforce the contract if Rosalinda
A. does not choose to avoid the contract. B. is a minor. C. can obtain the funds to pay for the benefits of the contract. D. is intoxicated or mentally incompetent.