Akeya sells and delivers goods to Wayne for $10,000. Wayne executes and delivers a negotiable note to Akeya for $10,000 payable to Akeya's order in sixty days. A week later, Akeya duly negotiates the note to Maria. Which of the following is correct?
A) Maria is required to notify Wayne that she has acquired the note from Akeya.
B) If the goods are defective, Wayne's defense against Akeya is not available against Maria if Maria acquired the note in good faith and for value and had no knowledge of Wayne's defense against Akeya and took the note without reason to question its authenticity.
C) Maria is not entitled to hold Wayne for the full face amount of the note at maturity if Wayne has a valid defense against Akeya for defective goods regardless of the circumstances surrounding the negotiation of the note to Maria.
D) If there is a valid defense against Akeya, Maria cannot become a holder in due course when the note is transferred to her.
B
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_____ developed the fourteen principles of management.
(A) ?Henri Fayol. (B) ?Max Weber. (C) ?Frank Gilbreth. (D) ?Elton Mayo.
The measurement principle prescribes that accounting information is based on subjective opinion rather than cost.
Answer the following statement true (T) or false (F)
During the fall of 2012, public school teachers in Chicago went out on strike over, among other things, salary and pay systems, performance reviews based on standardized test scores, and job protection for laid off teachers. Some people argued that the strike was evidence that the teachers' union was too powerful. Where does the teachers' bargaining power stem from? What factors place a "check" on teachers' bargaining power?
What will be an ideal response?
Which of the following is LEAST likely a result of shifts in the cultural and social environment?
A. BMW builds its new plant in South Carolina because of the willingness of "Sun Belt" workers to put in a "full day's work." B. A toy manufacturer recalls a playpen with a defective latch, and Toys 'R' Us stores removes the playpens from the shelf. C. Haagen-Dazs introduces a nonfat yogurt that is also "low cal." D. Sony recruits more women graduates for sales management positions. E. Domino's Pizza finds that demand for pizza delivered at home has expanded as more consumers are willing to pay for more convenience.