Field Gardens and Gourmet Restaurant, Inc., enter into a contract for a sale of lettuce. When Field learns that Gourmet is insolvent, Field can stop delivery of the goods in transit
A. only if the quantity is at least a carload.
B. only if the quantity is at least a planeload.
C. only if the quantity is at least a truckload.
D. regardless of the quantity.
Answer: D
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An important leadership task involves articulating all of the following points except:
A) beliefs. B) values. C) status. D) policies. E) activities.
________ is the quality of being unambiguous and easy to understand
A) Appropriateness B) Ethics C) Substitutability D) Clarity E) Conciseness
Which of the following valuation methods is frequently referred to as a process of orderly liquidation?
a. Exit valuation b. Entry value c. Replacement cost d. Historical cost
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinished units as is for $4.00 per unit. Alternatively, it could complete the units with incremental costs of $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead, and then sell the completed units for $8.00 each. If the company completes the units, what is the impact on income?
A. Income will decrease by $500. B. Income will increase by $500. C. Income will increase by $4,000. D. Income will increase by $8,000. E. Income will decrease by $4,500.