The December 31, 2009 balance sheet shows net fixed assets of $150,000 and the December 31, 2010
balance sheet shows net fixed assets of $250,000. Depreciation expense for 2009 is $25,000 and
depreciation expense for 2010 is $35,000.
Based on this information, the cost of fixed assets
purchased during 2010 is
A) $100,000. B) $160,000. C) $110,000. D) $135,000.
D
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Which of the following is a common type of incentive compensation?
A) Health insurance B) Profit-sharing plans C) Pension plans D) Flexible spending programs
What is the period of copyright protection provided for individuals under the Copyright Term Extension Act of 1998?
A. Individuals are granted 20 years of copyright protection, after which it has to be renewed for a fee. B. Individuals are granted copyright protection for their lifetime plus 70 years. C. Individuals are granted 95 years copyright protection from the year of first publication of the work. D. Individuals are granted 120 years copyright protection from the year of creation of the work.
Which of the following is an example of an informal organizational communication channel?
A) A supervisor gives a performance appraisal to her subordinate. B) An employee suggests to his supervisor a way to increase productivity in his department. C) Research and development team members hold a virtual meeting to discuss ideas for future products. D) An employee starts a blog to share her personal work experiences, opinions, and observations.
Describe a force majeure clause in a contract, and give some examples.
What will be an ideal response?