The limit on security deposits under URLTA is:?
A) One month's rent
B) Two month's rent.
C) ½ a month's rents.
D) None of the above
A
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The trade-off approach may be easier to use when there are/is ________
A) many variables B) only a few alternatives C) observers that are biased D) possible offers that are limited E) only one highly desirable solution
Classifying costs by behavior with changes in volume of activity involves:
A. Identifying both quantitative and qualitative cost factors. B. Identifying costs as financial or managerial. C. Identifying fixed costs and variable cost. D. Identifying costs in a physical manner. E. Identifying cost of goods sold and operating costs.
If disbursements are greater than receipts in anytime period, the entrepreneur must either borrow funds or have cash in a bank account to cover the higher disbursement. This is known as:
A. cost of goods sold. B. negative cash flow. C. selling expense. D. variable cost.
In most businesses, the physical flow of goods occurs on a FIFO basis, but a different cost flow method is allowed under generally accepted accounting principles.
Answer the following statement true (T) or false (F)