At optimality, if the left-hand side values are greater than the right-hand side values, we have ______.
a. slack
b. profit
c. loss
d. surplus
d. surplus
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Use the information below for Shorter Inc for 2016 and 2017 to answer the following question. Equipment, December 31, 2016 $65,000 Equipment, December 31, 2017 72,000 Accumulated depreciation, December 31, 2016 39,000 Accumulated depreciation, December 31, 2017 30,000 During 2017, Shorter Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was
recognized on the sale of the equipment This was the only equipment sale during the year. Assume that all purchases of equipment were paid with cash. How much cash was paid by Shorter for the purchase of equipment during 2017? a. $7,000 b. $30,000 c. $37,000 d. $72,000
Answer the following statement(s) true (T) or false (F)
1. A peril is anything that can cause a loss. 2. A hazard increase decreases peril but increases risk. 3. Underwriting is the process of evaluating risk and determining the cost of the coverage. 4. Driving an automobile is a speculative risk. 5. Term life insurance is temporary life insurance that only pays benefits if the insured individual dies while insured.
Drug MarketingPharmaceutical companies spent $4.4 billion on prescription drug advertising in 2008, mostly on television and in magazines. While the Internet is becoming a more prominent medium to reach consumers and is the primary source used to seek health information, these companies spent less than $130 million on Web marketing. One reason is that there are no guidelines, which makes these heavily-regulated marketers uneasy. For example, television commercials for prescription drugs must include disclosures regarding the major side effects if the brand name is mentioned in the ad. The Food and Drug Administration (FDA) claims that existing regulations address many of the Internet advertising issues, but other aspects of Web marketing, such as social networking and search
marketing, must be reviewed. That's why the FDA hearings on this issue were attended by pharmaceutical giants and Web companies like Google, Yahoo, and WebMD Health.Refer to Drug Marketing. Which level of the pyramid of social responsibility is most relevant to this situation in which the drug companies want to ensure that they are "playing by the rules"? A. legal responsibilities B. ethical responsibilities C. philanthropic responsibilities D. economic responsibilities E. standard responsibilities
A partner cannot make a general assignment of firm property for the benefit of creditors unless authorized by the other partners or unless they have abandoned the business
Indicate whether the statement is true or false