Events are mutually exclusive if one, and only one, can occur at a time

Indicate whether this statement is true or false.


Answer: TRUE

Business

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Chancellor Company is divided into four departments. Departments A and B are service departments and Departments 1 and 2 are operating (production) departments. The services of the two service departments are used by the other departments as follows: ?Dept. ADept. BDept. 1Dept. 2Services of:????Department A............ ?50%20%30%Department B............??40%60%Direct costs incurred by each department$60,000$50,000$70,000$80,000Complete the following table:?Allocation of Expenses to Departments?Department A?Department B?Department 1?Department 2Total direct???????  Department expenses..$60,000?$50,000?$ 70,000?$ 80,000Service department expenses???????  Department

A............???????Subtotal........................???????  Department B............???????Total.............................??????? What will be an ideal response?

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Significant interest investments are reported as ________ on the balance sheet

A) current assets B) either current assets or current liabilities C) long-term assets D) either current assets or long-term assets

Business

A death flaw is some aspect of an idea that would make it unacceptable. _________________________

Answer the following statement true (T) or false (F)

Business

When Ruben wanted to start a new online news service, he was skeptical about investing in it because of the financial crisis in his country. However, he was put at ease after learning about the government's policy of levying low federal taxes on startup businesses. In this context, which dimension of the business environment is affected the most?

A. The technological environment B. The social environment C. The economic environment D. The competitive environment

Business