In Squish La Fish v. Thomco Specialty Products, involving an adhesive that did not work as claimed, the appeals court held that the claim of negligent misrepresentation:
a. failed because the defendant only recommended a product made by another company b. failed because the defendant obtained no financial gain by the bad decision
c. failed because the plaintiff is a sophisticated business and could evaluate the product d. could proceed because the defendant may have negligently provided false information
e. could proceed because the defendant intended to extract a large payment from the plaintiff based on false information
d
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The justification for the accrual basis of accounting lies in the needs of financial statement users for periodic information on the financial position and the profitability of the entity
a. True b. False Indicate whether the statement is true or false
Lean systems use the standardization of components because standardization:
A) decreases the demand for each component. B) increases repeatability. C) allows for small lot sizes more easily. D) decreases repeatability.
Which of the following is NOT a positive attribute of the price-earnings multiple valuation model?
A) It is easy to use. B) It implicitly assumes that comparable firms are already fairly pried in the market place. C) It is forward-looking. D) It is based on relative market measures rather than book measures.
The cost of retained earnings is ________
A) less than the cost of debt B) equal to the cost of a new issue of common stock C) equal to the cost of common stock equity D) irrelevant to the investment/financing decision