A nonmanager member of an LLC (limited liability company) is not entitled to remuneration for services performed for the LLC at any time
Indicate whether the statement is true or false
TRUE
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The rule that (1) requires revenue to be recognized when goods or services are provided to customers and (2) at the amount expected to be received from the customer is called the:
A. Objectivity principle. B. Revenue recognition principle. C. Business entity assumption. D. Going-concern assumption. E. Measurement (Cost) principle.
A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG)
Indicate whether the statement is true or false
Which of the following strategy factors leads to a positive effect of advertising on sales?
A. long channels of distribution B. emotional buying motives C. inelastic product demand D. hidden product qualities E. elasticity in demand
A synchronous manufacturing system does not have excess capacity throughout the system, except for the bottleneck.
Answer the following statement true (T) or false (F)