In order to exclude the implied warranty of merchantability, the seller must put the exclusion in writing.
Answer the following statement true (T) or false (F)
False
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Companies have often produced significant amounts of excess inventory because of
a. variable overhead allocation methodologies. b. fixed overhead allocation methodologies. c. variable and fixed overhead allocation methodologies. d. the financial accounting requirement to expense research and development as incurred.
Which of the following would decrease variable costs?
a. Reduction in rent expense b. Reduction in research expenditure c. Reduction in salaries of administrative department d. Reduction in wages paid as direct labor
Australia's anti-discrimination legislation enacted in 1986 and subsequent years has not yet had its intended effect for the country. Which factor has led to this?
a. The laws and regulations are not well publicized or understood b. Female workers were not provided protection under the legislation c. Sanctions and penalties for noncompliance are limited and rarely enforced d. Organizations could opt out of the requirements
A registration statement must state how a corporation plans to use the proceeds from the sale of the securities
a. True b. False Indicate whether the statement is true or false