Reba Orders a Pair of Custom-Made Cowboy Boots,C

question 24

Multiple Choice

Reba orders a pair of custom-made cowboy boots,C.O.D.from Home on the Range Western Wear.When the boots arrive,Reba pays the carrier for the boots,then opens the package,only to discover that the boots are the wrong snake skin color and three sizes too big.At this point:

• A) she is entitled to inspect the goods after payment (due to the C.O.D. terms) and she can reject the boots because they are nonconforming.
• B) Reba cannot revoke the acceptance, because the wrong color and size of the boots are not substantial impairments.
• C) Home on the Range can allege that Reba did not conduct a proper inspection; therefore, though Home on the Range must cure, Reba is obligated to pay for the return of the incorrect boots and the shipment of replacement boots.
• D) None of the above.

Analyze the implications of labor rate and efficiency variances on production costs.

Apply overhead budgeting techniques to service and manufacturing sectors.

Examine the factors influencing variances and the strategic responses to these variances.

Understand the basic components and functions of information systems.

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Definitions:

Work Opportunity Act

Legislation aimed at increasing job opportunities for certain groups of people, including the long-term unemployed, veterans, and recipients of certain types of public assistance.

Poorest Fifth

The segment of a population that ranks at the bottom 20% in terms of income.

Richest Fifth

The segment of a population that represents the top 20% in terms of wealth or income distribution.

Nicholas Lemann

An American journalist and author recognized for his work on issues of racism, social inequality, and the history of American education.