If a court applies res ipsa loquitur
A) the plaintiff needs to prove the case by a preponderance of the evidence
B) the plaintiff must prove the case by clear and convincing evidence.
C) the defendant has the burden of proving he or she is not liable.
D) the defendant is strictly liable.
C
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A reduction in the variable expense per unit will cause the break-even point to rise
Indicate whether the statement is true or false
The accounting profession is currently experimenting with financial statements adjusted for the changing value of the dollar since inflation is increasing
a. True b. False Indicate whether the statement is true or false
Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?
Seaworthy Company, a merchandising company, has prepared the following sales budget:
A) $24,800
B) $9640
C) $96,400
D) $9920
What is the purpose of benchmarking?
A. to decide on which change to make B. to help introduce and manage change C. to evaluate the success of a change D. to get buy-in on a proposed change E. to assess the need for change