I agree with Mr. ________ plan for improving our ________ morale
A) Johnson/staff
B) Johnsons'/staffs
C) Johnsons/staffs
D) Johnson's/staff's
Answer: D) Johnson's/staff's
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Which of the following is not a true statement regarding the pooling of indirect costs?
A. Pooled costs may require disaggregation when allocating costs for different purposes. B. A single cost pool will have more than one cost driver for different cost objects. C. Pooling costs that have different cost drivers may result in unreliable cost allocation. D. Costs that have been pooled for one purpose may require disaggregation for a different purpose.
One difference between a manufacturing company and a service company is that the manufacturing company has a finished goods inventory and the service company does not
Indicate whether the statement is true or false
Which of the following statements about a typical personal umbrella policy is (are) true?
I. Losses covered under an underlying policy and the umbrella policy are settled on a pro rata basis. II. Losses not covered by the basic underlying contracts are subject to a self-insured retention which typically is at least $25,000. A) I only B) II only C) both I and II D) neither I nor II
Answer the following: a. What powers does a corporation normally possess? b. What is the doctrine of ultra vires? What is the effect of an ultra vires contract?