By following constructive personnel policies, small firms can improve the relationship between management and a union.
Answer the following statement true (T) or false (F)
True
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The FASB established the use of the terms "probable," "reasonably possible," and "remote." It adopted these terms because
A) the available statistical techniques are not exact enough. B) the likelihood of occurrence of future events can vary over a wide range. C) future gains are not easy to estimate. D) unnecessary estimates should not be recorded in the financial records.
Contribution margin cannot be calculated for a service-type business, and cost-volume-profit analysis is not applicable for a company that provides services rather than selling goods.
Answer the following statement true (T) or false (F)
Automobile liability insurance covers liability for bodily injury and property damage.
Answer the following statement true (T) or false (F)
A number of states have included social guests in the invitee category, although they have traditionally been labeled as licensees
Indicate whether the statement is true or false