A trip report is similar to a summary in that only important details are included
Indicate whether the statement is true or false
True
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An injured buyer is able to recover consequential damages even if he could have prevented the damage by obtaining substitute goods.
Answer the following statement true (T) or false (F)
Under the Fair Credit Billing Act (FCBA), ________.
A. the seller cannot offer discounts if the buyer pays cash for a purchase rather than using a credit card B. a card issuer may report a cardholder's delinquency to a credit reporting agency at any time deemed reasonable by it C. the consumer has the right to have a credit report withheld from anyone not having a legitimate business need for the information D. a card issuer must inform the cardholder of the reporting agency to which the issuer sends its reports
A firm may retire an asset from service by trading it in on a new asset. U.S. GAAP and IFRS require that firms record trade-in transactions at _____ unless they lack commercial substance
a. present value of future cash flows b. replacement value c. liquidation value d. fair value e. undiscounted cash flows
Which one of the following would NOT be considered a characteristic in trait theory?
a. Intelligence b. Drive c. Learning d. Honesty