Employees have statutory rights that are derived from contracts.

Purchased goods in transit should be included in the ending inventory of the buyer if the goods were shipped FOB shipping point.

Which of the following is true regarding state approval of consolidations?

A) There is no requirement that the state approve consolidations.
B) After reviewing the plan to see that legal requirements are met, the secretary of state issues a certificate to grant approval.
C) The secretary of state must approve consolidations so long as the corporate entity at issue has sufficient assets.
D) The secretary of state must approve consolidations so long as creditors of the corporate entity at issue do not remain unpaid.
E) The secretary of state must approve consolidations so long as no more than 10% of either company's shareholders object.

Which of the following is false regarding capacity expansion?

A) "Average" capacity sometimes leads demand, sometimes lags it.
B) If "lagging" capacity is chosen, excess demand can be met with overtime or subcontracting.
C) Total cost comparisons are a rather direct method of comparing capacity alternatives.
D) Capacity may only be added in large chunks.
E) All of the above are true.

Briefly describe the FAB selling technique. Show how a salesperson could use the FAB technique to sell a can of regular cola.

Gains incurred in selling or trading assets are always recognized.