The ease with which parts can be replaced or evaluated is:
A) repeatability.
B) serviceability.
C) testability.
D) functionality.
Answer: B
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At December 31, 2018, the Rare Corporation reported a $40,000 deferred tax liability pertaining to a $100,000 temporary difference which will reverse equally during the next four years. On December 31, 2018, after determining the deferred tax liability, Rare's management was informed that the income tax rate for years subsequent to 2018 had been changed to 42%. As a result of the tax rate change, Rare's 2018 income tax expense will:
A. not change. B. increase $1,200. C. increase $800. D. increase $2,000.
Fruit & Flowers Mail Order Corporation's creditors agree to a workout with the firm. This is
a. an agreement to pay a debt dischargeable in bankruptcy. b. an accountant's summary of a debtor's financial situation. c. a private, negotiated adjustment of creditor-debtor relations. d. a reorganization of corporate debts and debtors.
The First United mutual fund has total assets of $45,500,000 and liabilities of $1,600,000. There are 14,200,000 shares outstanding. What is the net asset value of the fund? (Round to the nearest cent)
Which of the following is NOT one of the activities associated with staffing the project team? a. Conducting team-building exercises
b. Developing a resource plan. c. Organizing work groups. d. Setting up programming rules and guidelines.