An unsatisfactory evaluation may cause a retailer to reject an entire shipment. The retailer is using which form of merchandise evaluation?
a. sampling
b. description
c. inspection
d. statistical evaluation
a
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The use of the effective interest method to amortize a discount associated with the acquisition of an investment in bonds results in
A) the recognition of more interest income over the life of the investment than would result from the use of the straight-line method. B) the recognition of a constant amount of interest income each period. C) the recognition of less interest income over the life of the investment than would result from the use of the straight-line method. D) the recognition of a varying amount of interest income each period.
The ________ criterion measures the ability of an organization to increase its capacity to deal with environmental demands.
A. productivity B. development C. adaptiveness D. efficiency
Return on equity increases when the expected rate of return from the acquired assets is higher than the interest rate on the debt issued to finance the acquired assets.
Answer the following statement true (T) or false (F)
Which of the following is not true regarding the contracts of incompetent persons?
A) An incompetent person is liable for necessaries. B) Unlike a minor, an incompetent person can never ratify a contract. C) To avoid a contract, a person need not be permanently incompetent. D) A person is competent unless he is unable to understand the nature and effect of his act.