Consumers tend to remember information inputs that support their feelings and beliefs and forget inputs that do not. This is known as selective
A. exposure.
B. distortion.
C. retention.
D. information.
E. organization.
Answer: C
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As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant purchased merchandise on account for $4,000. Which of the following statements is correct?
A. Gant's quick ratio will increase and its current ratio will decrease. B. Gant's working capital will increase. C. Gant's current ratio will decrease. D. Gant's quick ratio will increase.
Automatic perfection means that:
a. no financing statement need be filed. b. no agreement need be made between the debtor and the secured party. c. no value need be advanced. d. All of these.
U.S. Oil Company and Vehicle Fuel Corporation enter into a contract for the sale of refined oil. Either party's nonperformance may be excused, because of unforeseen circumstances, under the doctrine of commercial
A. good faith. B. impracticability. C. square dealing. D. unconscionability.
How long could Table 11-5's activity F be delayed without delaying the project?
A) 2 B) 3 C) 14 D) 16 E) None of the above