An artisan's lien is possessory
Indicate whether the statement is true or false
True
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In its first year of business, Talula, Inc. produced and sold 600 units. If Talula uses variable costing, ________.
A) its operating income for the period will be higher than under absorption costing B) its operating income for the period will be lower than under absorption costing C) its value of ending Finished Goods Inventory reported in the balance sheet will be higher than under absorption costing D) its operating income will be the same as under absorption costing
Craig is starting a new business and looking for an easy-to-use performance appraisal method that he can apply to every job in the organization, from the top manager to the cleaning staff. Craig should probably adopt the ______ method of performance appraisal.
A. ranking B. management by objectives C. graphic rating D. behavioral anchored rating E. qualitative ranking
Which of the following is a characteristic of a limited liability company (LLC)?
A) It is a separate legal person (or entity) under state law. B) It cannot be found civilly liable for violations of law. C) Its owners are called directors. D) Its owners are personally liable to third parties for debts of the LLC.
A discount is volume-based if the pricing schedule offers discounts based on the quantity ordered in a single lot
Indicate whether the statement is true or false.