Speedy Delivery Company buys a white van from Tom's Terrific Vehicles, on credit under a guaranty signed by Ulysses, Speedy's president, making him personally liable if Speedy does not pay. Ulysses is
A. a surety.
B. a lienor.
C. a guarantor.
D. a creditor.
Answer: C
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In terms of copytesting, all of the following criticisms have recently been voiced, except:
A) copytests stifle creativity that is needed to produce ads that stand out B) copytests favor emotional approaches in advertising C) copytests tend to lead to ads about product benefits that are believable and understandable to a focus group D) members of focus groups know little about creativity and are not legitimate judges of creative advertising
Sally Seabrook is an up-and-coming marketing manager for a large department store chain. Ms
Seabrook has distinguished herself with bold strategies such as launching attacks on her primary competitor from several fronts, including advertising, new store openings, and new distributor alliances. Which of the following market challenger attack strategies is Ms. Seabrook using to attack her competition? A) frontal attack B) bypass attack C) guerrilla warfare D) flank attack E) encirclement attack
The doctrine of precedent, means that a trial judge in an Ontario Small Claims Court is bound by a decision made by the Manitoba Court of Appeal
Indicate whether the statement is true or false
All of the following regarding reversing entries are true except:
A. Reversing entries should not be the exact opposite of previous period adjusting entries. B. Reversing entries are dated the first day of the new accounting period. C. Reversing entries are optional. D. Reversing entries are recorded in response to accrued assets and accrued liabilities that were created by adjusting entries at the end of the previous accounting period. E. Reversing entries are used to simplify a company's record keeping.