The Llama Company spent $300,000 on research and development during Year 8 to generate new product lines. One of the three projects resulted in a successful patented product while the other two projects resulted in unsuccessful efforts. How much of the $300,000 should be recognized as an expense in Year 8?
a. $300,000
b. $200,000
c. $150,000
d. $100,000
e. $0
A
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Which of the following may be done as corrective action in the control process?
A. Evaluate performance. B. Revise standards. C. Compare performance to standards. D. Align processes with goals. E. Establish standards.
"The equilibrium relative commodity price at which trade takes place is determined by the conditions of demand and supply for each commodity in both nations. Other things being equal, the nation with the more intense demand for the other nation's exported good will gain less from trade than the nation with the less intense demand." This statement was first proposed by
a. Alfred Marshall with offer curve analysis. b. John Stuart Mill with the theory of reciprocal demand. c. Adam Smith with the theory of absolute advantage. d. David Ricardo with the theory of comparative advantage.
Risk is composed not only of the probability that the strategy will be effective but also of the amount of assets the corporation must allocate to that strategy and the length of time the assets will be unavailable for other uses.
Answer the following statement(s) true (T) or false (F)
While most Americans believe that hard work leads to success, many Hong Kong Chinese believe that ________ determines the outcome of a situation.
A. God's will B. social status C. education D. luck