A warranty must be available for inspection before a purchase is made.

Answer the following statement true (T) or false (F)


True

Federal Trade Commission guidelines try to ensure that warranties are clear and definite and not deceptive or unfair. A warranty must also be available for inspection before the purchase.

Business

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What of the following could be protected as a trade secret?

A) Chemical formula B) Supply chain management system of a company C) Customer list D) All of the above are examples of trade secrets.

Business

Which one of the following is a vendor transaction?

A. Make deposits B. Sell products to customers C. Receive customer payments D. Pay bills

Business

If there are two unbiased estimators of a population parameter available, the one that has the smallest variance is said to be:

a. a biased estimator. c. consistent. b. relatively efficient. d. relatively unbiased.

Business

Dominick Sanders is a manager of a food store. He is married and files jointly with his wife. Together they claim 6 exemptions. Last year Dominick earned $48,260 and his wife earned $34,350. In addition, they earned $310 interest on their investments

They each contributed $1,500 to a retirement account. They had the following itemized deductions: $3,300 in real estate taxes, $8,400 in mortgage interest and $1,890 in charitable contributions. a. What is the amount of their adjusted gross income? b. What is the amount of their taxable income?

Business