When Leo has several assignments he has to work on for his classes, he always works first on the assignment that will take the take the least time to complete. This is an example of which priority scheduling method?
a. last in–first out
b. first come–first served
c. earliest due date
d. shortest operating time
d. shortest operating time
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________ refers to a rule issued by an administrative agency that has the force of law and to which covered persons and businesses must adhere.
A. Executive order B. Stare decisis C. Substantive rule D. Administrative Procedures Act
The current portion of long-term notes payable is ________.
A) the amount of principal that will be paid within five years B) typically included with the long-term liabilities on the balance sheet C) recorded as an adjusting entry D) reclassified as current for reporting purposes on the balance sheet
A journal entry to transfer costs from the Work in Process account to Finished Goods Inventory account will include a debit to Finished Goods Inventory
Indicate whether the statement is true or false
Which of the following statements about contract law is TRUE?
A) Anyone can make a contract. B) A person can make a contract to do anything. C) Every agreement is a contract. D) Standard form contracts are regularly used by businesses and consumers. E) All of the above.