A product failure which occurs at the start of product life due to manufacturing or material defects such as a missing connection or a faulty component is referred to as functional failure

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Lack of informal communication systems is one of the assets of newness. 

Answer the following statement true (T) or false (F)

Business

Why is it that the Model Rules require contingency fee agreements to be in writing and signed by the client?

What will be an ideal response?

Business

A voluntary health and welfare organization received a $300,000 contribution on April 15, 20X9, from a donor who stipulated the donation be invested permanently in stocks and bonds. The donor further stipulated earnings from the investments be spent according to the wishes of the governing board of the voluntary health and welfare organization. Earnings from the investments for the year ended June 30, 20X9, amounted to $6,000. How would the voluntary health and welfare organization report this information for the year ended June 30, 20X9?

A. Increase in net assets with donor restrictions of $306,000, and a footnote disclosure explaining the nature of the restrictions. B. Increase in net assets with donor restrictions of $300,000, and in board-designated net assets of $6,000. C. Increase in net assets with donor restrictions of $306,000. D. Increase in net assets with donor restrictions of $300,000, and in net assets without donor restrictions of $6,000.

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Lewis, who is single, is claimed as a dependent by his parents. He received $2,000 during the year in dividends, which was his only income. What is his standard deduction for 2018?

A) $1,050 B) $2,000 C) $2,350 D) $12,000

Business