Lemon laws are generally understood to be laws that:
A) apply to the safety of food additives for fruits and vegetables.
B) are federal legislation designed specifically to protect state consumers from fraudulent car manufacturers.
C) are state laws that attempt to provide new car purchasers with rights that are similar to full warranties under the Magnuson-Moss Act.
D) are interstate compacts to uniformly deal with lemon cars.
C
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Which one of the following steps in the accounting cycle is optional rather than required?
a. Business transactions are recorded b. Adjustments are recorded c. The accounts are closed d. Work sheets are prepared
During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method
Indicate whether the statement is true or false
What do critical path methods require of planners?
a. For planners to only focus on the critical tasks b. To estimate based on past experience how long the project will take c. To identify when the project should be completed and plan backward from that point d. To critically assess the plans of others against the reality of time and resources
Interest is the borrower's payment to the owner of an asset, for its use.
Answer the following statement true (T) or false (F)