An express agency contract cannot be orally agreed upon.

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


False

Business

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The potential rental value of space used for production activities

a. is a variable cost of production. b. represents an opportunity cost of production. c. is an unavoidable cost. d. is a sunk cost of production.

Business

Which of the following is true of the Public Company Accounting Oversight Board?

A) All members of the Public Company Accounting Oversight Board have to be certified public accountants (CPAs). B) The Public Company Accounting Oversight Board was created by the Tax Reform Act of 1976. C) The Securities and Exchange Commission (SEC) has oversight and enforcement authority over the board and its functioning. D) The Public Company Accounting Oversight Board lacks the power to initiate any disciplinary actions against defaulting accountants.

Business

Which of the following elements is not required for adverse possession?

A) Consent by the owner B) Possession for the statutory period of time C) Hostile and adverse possession D) Open, visible, and notorious possession

Business

Intangible property does not come under Article 2.

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

Business