Process and job order manufacturing operations both combine materials, labor, and overhead items in the process of producing products.
Answer the following statement true (T) or false (F)
True
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Disadvantages of a partnership include
A) facilitates pooling of resources. B) no corporate tax burden. C) mutual agency. D) freedom and flexibility for partners.
Which of the following is true of a land contract?
A. If a buyer defaults, the seller does not have the right to declare a forfeiture. B. The title to property is conveyed if partial payment has been made. C. The trustee holds legal title to the property put up as security. D. The seller agrees to convey the title when the full price is paid.
Beth's disability income insurance policy provides benefits for accidental death, dismemberment, and loss of sight. The maximum amount payable under this benefit is known as the
A) face value. B) cash value. C) principal sum. D) monthly benefit.
A property that has been rented for 120 days and used for personal use for 13 days should be categorized as:
A. Primarily rental B. Personal/rental C. Primarily personal D. None of these