Which of the following is NOT one of Peter Senge’s three guidelines for enrollment?
a. Let the other person choose.
b. Be confident
c. Be truthful
d. Be enrolled yourself
b. Be confident
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All of the following statements are true except:
a. Both U.S. GAAP and international financial reporting standards (IFRS) require the use of the lower-of-cost- or-market rule to value inventories. b. U.S. GAAP defines market value as replacement cost. c. IFRS uses net realizable value with no upper or lower limits imposed. d. Write-downs of inventory can be reversed in later periods under U.S. GAAP.
Once a binding accord and satisfaction has been entered into, parties give up their right to have a court decide their liability.
Answer the following statement true (T) or false (F)
Intentional misrepresentation occurs when a seller or lessor conceals a defect in a product
Indicate whether the statement is true or false
Authorized shares that have not been sold by the corporation are known as ________
A) issued shares B) unissued shares C) outstanding shares D) liquidated shares