Under a cap-and-trade system, a firm that emits more than its share of carbon can buy allowances from a firm that emits less than its share
Indicate whether the statement is true or false.
Answer: TRUE
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Which one of the following statements is NOT correct?
a. The accounting function should be separated from the custodianship of a company's assets. b. Certain clerical personnel in a company should be rotated among various jobs. c. A company's personnel should be given well-defined responsibilities. d. The responsibility of receiving merchandise and paying for it usually should be given to one person.
If actual direct labor hours (DLHs) are less than standard direct labor hours allowed and overhead is applied on a DLH basis, a(n)
a. favorable variable overhead spending variance exists. b. favorable variable overhead efficiency variance exists. c. favorable volume variance exists. d. unfavorable volume variance exists.
William Jones and Vincent Costa form a partnership to run a construction business. Which of the following names does NOT require registration?
A) Jones and Costa Construction B) Bill and Vinny's Construction Co. C) World's Best Construction D) Canadian Contractors E) All require registration.
A defendant engaging in an ultrahazardous activity is almost always liable for any harm that results
a. True b. False Indicate whether the statement is true or false