This type of credit occurs when you charge a purchase at the time you buy the good or service

Adam sells audio and video equipment. He tells a customer, Abbey, "This MP3 player is the best one ever made." Adam's statement is: a. fact. b. fraudulent misrepresentation. c. puffery. d. appropriation.

An express warranty is created when a seller: makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs.

How would you present training material in a manner that facilitates retention?

Plymouth Corp. sells units for $100 each. Variable costs are $75 per unit, and fixed costs are $200,000. If Plymouth leases a new machine, fixed costs will increase by $60,000 a year, but production will be more efficient, saving $5 per unit.

If a seller in a competitive market chooses to charge more than the going price, then: a. the sellers' profits must increase. b. the owners of the raw materials used in production would raise the prices for the raw materials. c.

1. Money at your company is not secured, and you could easily steal $10,000 without ever getting caught. Would you do it, knowing you could get away with it? Why or why not? 2.

Mindy signed up for a local lifeguard class that required two full days of training at a cost of $150. unfortunately, she got sick and could not complete the second day of training.

Tina designed a new type of handbag that has proven to be very popular. she begins manufacturing these handbags on a large scale and considers her options for setting up a business to market the bags nationwide.

How does a business owner ensure that elements of total qaulity management positively impact on a business?