All of the following forms of business organizations provide limited liability to all owners EXCEPT
A) S-type corporation. B) limited partnership.
C) limited liability company. D) corporation.
B
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SFAS No. 123 was issued as a compromise to the FASB's original position regarding stock options as it:
A. allowed companies to choose either the APB No. 25 approach or expense the fair value of the options. B. abandoned any reference to recognition of expense for options. C. required companies to measure the fair value of stock options and charge this to expense. D. required companies to continue following the approach used in APB No. 25.
Which of the following statements does not describe the relationship between product availability and stock level?
A. The quantity of backup stock is fixed by a retailer and is not influenced by product availability. B. More backup stock is needed in the model stock plan if a retailer wants to increase product availability. C. The higher the product availability, the greater the amount of backup stock. D. A very high level of product availability results in a prohibitively high inventory investment. E. If the product availability gets too high, scarce financial resources will be wasted on needless inventory that could be more profitably invested in increasing variety or assortment.
Which of the following is included in the cost of a plant asset?
A) amounts paid to make the asset ready for its intended use B) regular repair and maintenance costs C) replacement of damaged parts of the asset D) wages of workers who use the asset in normal operations
The level strategy maintains a constant ________ level or ________ level during the planning horizon
Fill in the blanks with correct word