Which of the following statements is true of the Convention on Contracts for the International Sale of Goods (CISG)?
A) Parties to a contract can choose to adhere to all or part of the CISG, or they may select other laws to govern their transactions.
B) Traditional contracts on sale of goods are not covered by the CISG.
C) The CISG is superseded by the Uniform Commercial Code (UCC) in most states.
D) The CISG requires a written contract for a sale of goods of $500 or more.
A
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The main source of the information needed to prepare the balance sheet is
a. the Account Title column of the work sheet; b. the statement of owner's equity; c. the Balance Sheet columns of the work sheet; d. the Income Statement accounts; e. the trial balance
When all the bonds of an issue mature at the same time, they are called term bonds
Indicate whether the statement is true or false
Fig. 7.2
Which one of the following statements regarding Figure 7.2 is TRUE? A) Activity S cannot finish until activity T finishes. B) Activity T cannot begin until activity U is completed. C) Activity U cannot begin until activities S and T have been completed. D) Activity V cannot begin until activity S has been completed.
A company with a low inventory turnover requires a smaller investment in inventory than one producing the same sales with a higher turnover.
Answer the following statement true (T) or false (F)