Automating business procedures and automatically maintaining data integrity and consistency are trivial in a modern business environment
a. True
b. False
Indicate whether the statement is true or false
False
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Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information for Norwood, Inc, Based on this information, what method of depreciation will produce the maximum
depreciation expense in 2017? a. Straight-line b. Double-declining-balance c. Units-of-production d. All methods produce the same expense in 2017.
A representation is a statement made before the contract is made
Indicate whether the statement is true or false
Marketers contemplating operations and trade with a specific country must consider whether or not the country belongs to a trading bloc. A trading bloc is a group of countries that have
A. established a formal agreement to manage trade activities. B. been segmented based on shared cultural values. C. been segmented according to their geographic proximity. D. agreed to use the same currency. E. similar consumer purchasing patterns.
Which of the following is NOT part of the Howey test?
a. Scienter b. An investment of money c. Common enterprise d. Profits obtained solely through the efforts of others