The respondeat superior doctrine typically applies to the actions of independent contractors
a. True
b. False
Indicate whether the statement is true or false
False
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Required information for preparing a ________ budget includes types and capabilities of machines and availability of materials.
A. cost B. sales C. cash D. capital E. production
Since receivables and payables both result from sales transactions, a firm with a high receivables-to-sales ratio must also have a high payables-to-sales ratio.
Answer the following statement true (T) or false (F)
BioChemical Disposal Corporation operates a hazardous waste storage facility. ChemCo Inc buys BioChemical before it is discovered that the firm's disposal practices violated CERCLA. With respect to these violations, Superfund imposes on ChemCo A) strict liability
B) liability under the nuisance doctrine. C) liability on a negligence theory. D) no liability.
Finance theory suggests that the IRR criterion is the most favorable capital budgeting decision tool
Indicate whether the statement is true or false