Dairy Products, Inc, and Eden Farms Corporation form a joint venture to make and test-market Frosty Ice Cream. A joint ven¬ture is usually formed for
a. an implied duration of not more than six months.
b. a single transaction or project.
c. a stated duration of not more than one year.
d. a perpetual existence.
B
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If a contract involves a significant financing component
A) the time value of money is not required to determine transaction price if the payment is more than a year after the transfer occurs. B) the transaction amount should be based on the current sales price of goods or services. C) interest is not accrued as a result of the financing component. D) the time value of money is used to determine the fair value of the transaction.
Imagine you are to give a presentation about the importance of self-defense to an audience of women. You will need to approach the ______, or structure, of your argument in a different way considering the gender demographic of your audience.
a. foundation b. outlining c. angle d. framing
Which of the following is true of the Do-Not-Call Registry for consumers?
A) The registration is valid for the lifetime of the customer who opted for it. B) Telemarketers have three days to remove the customer's name upon registry. C) Charitable and political organizations are exempted from the registry. D) Customers cannot choose the companies that they do not wish to receive calls from.
The main purpose of evaluating the supplier market is ______.
a. to choose purchases with greater cost effectiveness b. to maximize supply-related risks c. to choose purchases based on requirements d. to minimize future purchases