Which of the following statements is true about a deposit?
A) it is an amount paid at the beginning of the contract as a sign of good faith
B) it can be forfeited if the transaction is not completed by the fault or choice of the depositor
C) All of the above
D) it can be accepted by the innocent party as the complete payment or remedy for damages and the innocent party cannot sue for more
E) it will be considered a penalty if it exceeds more than 10% of the total price
C
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Assume that one of the process bubbles in the Purchasing Process - Level 0 Diagram is called "order goods and services." The data flow between "order goods and services" and the "vendor" is called a:
a. purchase order b. receiving report c. stock notice d. inventory notice
The concept of duality means that a REA diagram must consist of:
a. two events, one of them economic the other support b. two agents, one of them internal and the other external c. two resources, one increased and the other decreased by the same event d. none of the above
Winning a sustainable competitive edge over competitors does not hinge on which of the following?
A. building competitively valuable expertise and capabilities not readily matched, and offering distinctive products B. having a distinctive competitive product offering C. building experience, know-how, and specialized capabilities that have been perfected over a long period of time D. building products and distributing them at low prices to a broad customer base irrespective of manufacturing cost E. having hard-to-beat capabilities and impressive product innovation
Ike pushes Joan, who falls and breaks her arm. Ike is liable for the injury
a. if Ike intended to push Joan. b. only if Ike did not intend to break Joan's arm. c. only if Ike had a bad motive for pushing Joan. d. only if Ike intended to break Joan's arm.