Exclusion of consequential damages for personal injuries resulting from breach of warranty in the sale of consumer goods is prima facie unconscionable
Indicate whether the statement is true or false
True
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Which of the following statements concerning manufacturing costs is incorrect?
A. Direct labor costs are recorded initially in an inventory account. B. The cost of direct materials can be readily traced to products. C. All salaries incurred by the sales department are expensed as incurred. D. Depreciation on manufacturing equipment is a period cost.
An airline performed 4000 preflight inspections during one month. Each inspection checks 50 items. What is the maximum number of defects that could occur during a year if the process is operating at a six-sigma level?
In theory, dividends are determined as a residual item. Therefore, the better the firm's investment opportunities, the lower its dividend payments should be
a. True b. False Indicate whether the statement is true or false
Strikes occur when negotiations for renewing most union contracts are taking place
a. True b. False Indicate whether the statement is true or false