Which of the following is true of an auction sale?
A) A sale by auction for any amount is not valid if it is made orally.
B) When an auctioneer makes and signs a memorandum of the sale, it binds only the bidder.
C) Goods can only be offered for sale without reserve.
D)There is no contract until and unless an auctioneer accepts a bidder's offer.
D
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Operating, investing, and financing activities affect certain balance sheet accounts. Which of the following statements is true?
a. Operating activities primarily involve transactions which affect noncurrent assets. b. Investing activities primarily involve U.S. government securities and long-term productive assets. c. Financing activities primarily involve transactions which affect current liabilities. d. Different balance sheet accounts are affected depending on whether the direct or indirect method is used.
Which company could be identified as an example of having a strong culture that is destructive?
a. Zappos b. McKinsey c. Enron d. Maersk
According to Abrahamson (1997) _____________ creates, designs and sells management fashions.
a. The management ideas industry b. Woolworths c. China d. Globalization
Which of the following would be a preferred creditor in a bankruptcy?
A) A landlord B) A supplier of inventory C) A contractor that did recent renovations D) B and C E) All of the above