Negligence is the failure to exercise minimal care

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Shelley obtains a life insurance policy with no cash surrender value or cash value, and names her son Thad as the beneficiary. This is

A. limited-payment life insurance. B. term insurance. C. universal insurance. D. whole life insurance.

Business

________ is a relationship that defines the connection between objects of one class with the objects of another class

A) A constraint B) A class diagram C) An association D) An exclusion

Business

Demand for a product typically ______ as price ______.

A. decreases, increases B. decreases, stays the same C. stays the same, increases D. increases, decreases

Business

The following partially completed T-accounts are for Stanford Corporation:Raw MaterialsBal7,000(2)24,000(1)19,000  Work In ProcessBal11,000(7)?(2)15,000  (4)18,000  (6)31,000      Finished GoodsBal18,000  (7)62,000   15,000  Manufacturing Overhead(2)9,000(6)31,000(3)16,000  (4)8,000  (5)5,000      Accumulated Depreciation-Factory  Bal82,000  (3)16,000    Sales Salaries Expense(4)11,000      Accounts Payable  Bal   (1)19,000  (5)5,000    Salaries and Wages Payable  Bal7,000  (4)37,000    The cost of goods sold (after adjustment for underapplied or overapplied manufacturing overhead) is:

A. $69,000 B. $65,000 C. $58,000 D. $72,000

Business