To establish an express warranty under the UCC, the buyer must produce evidence that the seller used the term "warrant" or "guarantee."
Indicate whether the statement is true or false
False
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Which of the following statements about the Toyota Production System is BEST?
A) Toyota has built a learning organization over the course of 50 years. B) The key to success for Toyota is the set of tools and procedures readily apparent on a plant tour. C) The four principles that form the basis to TPS are impossible to replicate. D) Toyota has 23 manufacturing plants in North America alone.
Which of the following local governments is least likely to report a net pension liability for underfunded pension obligations?
A. A local government acting as trustee for a defined benefit pension plan. B. A local government participating in a state sponsored defined contribution pension plan. C. A local government participating in a state sponsored defined benefit pension plan. D. None of the above, local governments do not report net pension liabilities.
Which of the following statements is false in regard to the U.S. income tax treaty program?
a. There are about 70 bilateral income tax treaties between the U.S. and other countries. b. Tax treaties generally provide for primary taxing rights that require the other treaty partner to allow a credit for the taxes paid on the twice-taxed income. c. U.S. income tax treaties are written to set up a "network" of up to five foreign countries that are covered by the treaty language. d. None of the above statements is false.
An auditor is most likely to use statistical sampling under which of the following situations?
A. The population is very diverse with some segments especially prone to misstatement. B. The auditor has a very good knowledge of the population. C. Strictly defensible results based on mathematics are not necessary. D. Random numbers can be associated with population items.