Answer the following statement(s) true (T) or false (F)
1. In order to have an express warranty one party must explicitly say “I warranty (or guarantee) that...”.
2. The actions of the agent that are authorized by the principal are legally binding on the principal.
3. Checks and money orders are examples of intangible personal property.
4. Patents give inventors the rights to their products for seventeen years and are renewable in ten-year increments after that.
5. Trademarks cannot be renewed.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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Salespeople who use a virtual office are not as efficient as those who work out of a stable office.
Answer the following statement true (T) or false (F)
In the EOQ model, the order quantity is?
a. d/2 b. d c. Q/2 d. Q
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: HoursWait time18.3Process time1.1Inspection time0.1Move time2.0Queue time9.1?The delivery cycle time was:
A. 2 hours B. 29.4 hours C. 11.1 hours D. 30.6 hours
"No write down" is also referred to as the *-property
Indicate whether the statement is true or false.