A reasonable person, as used in the law of torts, is a fictitious individual who is always careful, prudent, and never negligent
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In a waterfall approach to international expansion, ________
A) firms enter countries gradually in a sequence B) firms enter those countries first where the demand for the product is greatest C) countries are entered based upon the availability of government subsidies D) firms enter those countries first where the supply of raw material is greatest E) countries are entered based upon ease of entry
Which of the following accurately describes a difference between job order and process costing systems?
a. In job order costing systems, overhead costs are treated as product costs, whereas in process costing systems, overhead costs are treated as period costs. b. Job order costing systems do not need to assign costs to production, whereas process costing systems do. c. In job order costing systems, costs are traced to products, whereas in process costing systems, costs are traced to processes, departments and work cells. d. Since costs are assigned to products in a job order costing system, selling costs are treated as product costs in the job order costing system, whereas they are treated as period costs in process costing systems.
Accrued revenues are ordinarily listed on the balance sheet as current liabilities
Indicate whether the statement is true or false
An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards
Indicate whether the statement is true or false