The implied commitment to make a good-faith effort to fulfill contract obligations is called:

The cost of goods manufactured is transferred to the Finished Goods account from the:

a. Raw Material account. b. Direct labor account. c. Cost of Goods Sold account. d. Work in Process account.

A certain brand of hand lotion commands 7 percent of the market for this product category. To increase the brand's market share, a new advertising campaign is formulated with the following objective: "Within the next six months, our objective is to increase the brand's market share from 7 percent to 40 percent.". This objective suffers from being ____

a. imprecise b. nonmeasurable c. general d. unrealistic e. qualitative