To recover damages in a breach-of-contract case, the plaintiff must demonstrate that he used reasonable efforts to minimize the damage resulting from the breach.

a. True

b. False

Which of the following would be an advantage of leasing a vehicle? a. Automatic ownership interest in the car b. Unlimited mileage on the car c. No need to meet credit requirements d. Lease payments are likely to be lower than finance payments

You have two options for credit cards. Option one offers a fixed annual percentage rate of 17%. Option two offers you an introductory annual percentage rate 10% for the first year increasing to 23% the second year.

Long-lived assets are: a) non-operating assets expected to yield their economic benefits (or service potential) over a period longer than one year.

Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio is 8%, what is the largest amount (in dollars) by which the money supply can increase as a result of your action?

What is market saturation?

At the end of the first year of operations, the total cost of the trading securities portfolio is $245,000. Total fair value is $250,000. The financial statements should show A. an addition to an asset of $5,000 and a realized gain of $5,000. B.

Planner Corporation owns 60 percent of Schedule Company's voting shares. During 20X3, Planner produced 25,000 computer desks at a cost of $82 each and sold 10,000 of them to Schedule for $94 each.

When Fair Oaks' management shares its vision with its 300-plus employees and seeks feedback, it is able to influence employees and gain buy-in from them. Which managerial function is the company performing?

A credit entry: Multiple Choice: a. Is always a decrease in an account. b. Is recorded on the left side of a T-account. c. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts. d.

Franklin bought acreage in a distant county, but never went to see the acreage and did not use the land. After the purchase, Susan moved her mobile home onto the land, drilled a well, and lived on the property for 20 years.