George has been declared incompetent by the court and is under the care of his sister. Unknown to his sister, George rents the 10,000-seat civic center for his birthday party. George's contract to rent the civic center is best described as:

a. a void contract.
b. a quasi contract.
c. a voidable contract.
d. an enforceable contract.


a

Business

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The write-off of the cost of intangible assets is called

a. depletion; b. depreciation; c. amortization; d. deterioration; e. physical depreciation.

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______ exists when individuals in similar situations are intentionally treated differently and the different treatment is based on an individual’s membership in a protected class.

A. Job relatedness B. Disparate impact C. Disparate treatment D. Pattern or practice discrimination

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Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates doubtful accounts of $16,000. Which of the following entries records the proper provision for doubtful accounts?

A) debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 B) debit Uncollectible Accounts Expense, $15,200; credit Allowance for Doubtful Accounts, $15,200 C) debit Allowance for Doubtful Accounts, $800; credit Uncollectible Accounts Expense, $800 D) debit Allowance for Doubtful Accounts, $16,800; credit Uncollectible Accounts Expense, $16,800

Business

Unexpected events that may lead to missed project completion times or cost overruns are referred to as?

a. Project adversity b. Project danger c. Project risk d. Project complexity

Business