In Selling Inventory Control Software to Apex Auto Parts Corporation,Bond

question 36

Multiple Choice

In selling inventory control software to Apex Auto Parts Corporation,Bond tells Apex's purchasing agent that the software is "almost human." This is

• A)fraud.
• B)duress.
• C)puffery.
• D)undue influence.

---

Definitions:

Discontinued Operations

Components of a business that have been sold or otherwise disposed of, or will be disposed of, which are reported separately in financial statements for clarity on continuing operations.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period of time, highlighting the company's financial performance.

Nonmonetary Asset

Nonmonetary assets are items of value owned by a company that cannot be directly converted into cash, such as property and equipment.

Book Value

The net value of a company's assets minus its liabilities, often used to assess whether a stock is under- or over-valued.