Select the incorrect statement regarding sunk costs.
A. Sunk costs include historical costs such as equipment acquisition costs.
B. Sunk costs are costs that have been incurred in past transactions.
C. Sunk costs are relevant if they differ between the alternatives.
D. Sunk costs cannot be avoided.
Answer: C
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Connor Martin Corporation's balance sheet showed the following amounts: Current Liabilities, $10,000? Bonds Payable, $3,000? Lease Obligations, $4,000? and Notes Payable, $600 . Total stockholders' equity was $12,000 . The debt-to-equity ratio is:
a. 0.83. b. 1.47. c. 1.42. d. 0.63.
Which of the following is NOT a dimension of group structure?
a. norms b. size c. composition d. leadership
Kramer goes to Lawn & Garden to tune up his mower. Martin, the service tech-ni-cian, learns that Kramer's lawn is overgrown and rocky and advises the use of a certain type of oil, plug, filter, and blade. Later, while Kramer is mowing his lawn, the mower breaks down due to the use of the items recommended by Martin. Kramer may recover from Lawn & Garden for breach of A) an express warranty
B) an implied warranty of fitness for a particular purpose. C) an implied warranty of merchantability. D) a warranty of title.
________ are reductions from list price that are given by a seller to a buyer who either gives up some marketing function or provides the function himself.
A. Discounts B. Markups C. PMs D. Spiffs E. Phony prices