Answer:
Implied warranty of trade usage
Explanation:
An implied warranty for a good is defined as the assumption on the part of the buyer that a product that is purchased should perform at a minimum acceptable level.
For example when a television is purchased it is assumed that it will come on.
An implied warranty of trade usage requires a seller to disclose any traits or conditions that will result in a product being defective.
In the given instance the delivery to Salma did not have packaging in a bubble wrap within a carton box that has the signs for "fragile," "this way up," and "caution" on it.
This is a breach of implied warranty of trade usage.
Answer:
The $10,000 collected by Nikea represent the collections of an accounts receivable, the journal entry should be:
Dr Cash 10,000
Cr Accounts receivable 10,000
In this case, an asset (accounts receivable) will decrease while another asset (cash) will increase). The accounting equation will not change since one assets replaces the other.
Explanation:
Answer:
the latest an activity can be started and still finish the project on time, calculated by subtracting the activity's duration from its latest finish time
Explanation:
In project management, slack refers to the amount of time that a certain task can be delayed and not affect the completion time of the general project. Slack time can be considered "just in case" time, because even though delays should be minimized, rarely you can eliminate them completely, and slack time gives you a little extra room for managing projects.
Answer:
Executive Director, Non Executive Director
Explanation:
Landon is a senior manager for the firm Anderssen Inc. Because of his experience, he has been appointed to the board of EEC Inc., even though he doesn't work for this firm. He also serves on the boards of several other companies. Landon is an Executive Director for Anderssen and a Non Executive Director for EEC.
An executive director has operational responsibilities in a firm but a non executive director does not have operational responsibilities in a firm but is involved in planning and policy formation which are strategic activities.
Operational refers to the daily running of a business.
Answer:
A novel printed in paperback that sells for more than the same book in an electronic format
The example contains two different products, one is novel in paper form, and other in electronic form of the novel. Price discrimination occurs when we charge different prices for the same product from different customers. They are completely two different forms of the product which means the product is not identical in term of its form.
Explanation:
Above mentioned example is definitely does not fall under price discrimination.
<em>Price Discrimination</em>: is offering different prices to different customers for the same good. All of the other examples may falls under price discrimination because they contain same product but for different customers namely, discount at movie theater, soup companies sending coupons, and for the same drug they are charging different prices accordingly.
