Where does adaptive work occur and who is primarily responsible for it?

A rational consumer will try to achieve the highest indifference curve that his or her income will allow.

A consignor who has goods out on consignment with an agent should include the goods in ending inventory even though they are not in the possession of the consignor.

Brizon,a toy company,enters into a five-year agreement with Toys Paradise (TP) ,a toy shoppe.The agreement states that Brizon is to provide all the toys required by the distinguished shop at a fixed rate.During the first three years of the contract,Brizon uses its excess capacity to meet-up with the anticipated requirements and delivers between 1.25-1.5 million toys to TP.However,in the fourth year of the agreement,TP wants Brizon to deliver approximately twice as many toys,so that the toys can be used at other outlets owned by TP.In such a case:

A) Brizon may be sued by TP if it does not comply.
B) Brizon need not provide the required amount of toys.
C) Brizon has to provide the required amount of toys by putting extra charges.
D) Brizon can claim that the contract was always void.

Trading in "exotic options" takes place primarily

A) on the New York Stock Exchange.
B) in the over-the-counter market.
C) on the American Stock Exchange.
D) in the primary marketplace.
E) None of the options.

If property is converted from personal-use property to business property,the depreciable cost basis is which of the following?

A) Cost of the asset.
B) FMV of the asset.
C) The cost of a new similar asset at the date of conversion.
D) The lower of the cost or FMV at the date of conversion.