A responsibility center whose manager is held accountable for both revenues and costs and for the resulting operating income is called a revenue center
Indicate whether the statement is true or false
False
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Which of the following is a current asset?
a. Building b. Office supplies c. Land d. Truck
Concentrated advertising is well suited for products with one selling season or related holiday
Indicate whether the statement is true or false
An entrepreneur is a franchisee.
Answer the following statement true (T) or false (F)
In constructing the railroads in the United States, thousands of landowners granted the federal government easements for the placement of railroad tracks. As rail travel declined, many of the routes were no longer used. Many of the railroad tracks were dismantled formally by cities and towns and many were dismantled informally by those seeking to utilize the iron from the tracks and the wooden
ties. In some cases, the tracks were turned into bicycle paths that have served recreational and commuter needs. ?What are the rights of the cities and towns that removed the rails and converted the easements to bike paths? A) If the easements were granted only for rail use, then they have no rights. B) Since the easements were abandoned, they own the trails and the right of way. C) If the easements were granted only for rail use, but they have compensated the landowners, then they own the trails and the right of way. D) They have a license within an easement.