The IRS targets high-income individuals for an audit rate that is much higher than that of the general populace
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE:
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In terms of the infancy doctrine, which of the following is true?
A. A minor must honor a contract he or she entered into with an adult if the minor had sufficient mental capacity when the contract was formed. B. A minor can disaffirm a contract he or she entered into with an adult. C. A minor cannot enter into a legal contract with another minor. D. A minor cannot elect to enforce a contract he or she has entered into with an adult.
Pure risk can always be eliminated by individual action
Indicate whether the statement is true or false.
Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units. If Narchie sells 24,000 units, its safety margin will be:
A. $200,000. B. $1,000,000. C. $1,200,000. D. $400,000. E. None of the answers is correct.
Processes that include distribution, manufacturing, and accounting are ______________________________ processes.
Fill in the blank(s) with the appropriate word(s).