Give three examples of property, plant and equipment.
What will be an ideal response?
Answers will vary (only three examples are required).
Examples of property, plant, and equipment include, but are not necessarily limited to, furniture, cash registers, machinery, delivery trucks, computers, mechanical robots, buildings, or office equipment. Note that one company may include all office equipment in one account, whereas another company might divide office equipment into computers, desks, chairs, and so on.
Land is not considered property, plant, and equipment. It is a category in itself.
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The 12 Federal Reserve banks are involved in monetary policy in which of the following ways?
A) Their directors establish the discount rate. B) They decide which banks can obtain discount loans from the Federal Reserve Bank. C) Their directors select one commercial banker from each bank's district to serve on the Federal Advisory Council. D) all of the above.
As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in supply chain technology has stagnated
Indicate whether the statement is true or false
Which of the following statements is true of cost-based pricing?
A) ?It determines price by adding a fixed margin to the per-unit cost of the product. B) ?It determines the price based on the amount consumers are willing to pay for a product. C) ?It is an interesting theoretical approach to pricing, but it is seldom used in the real world. D) ?It is obtained by subtracting the desired margin, which yields the target costs.
To be enforceable, a memorandum evidencing an oral contract must include the essential terms of the contract
Indicate whether the statement is true or false