Packrall Company makes computer chips. Curtis is manager of the company's maintenance department. Because his maintenance technicians are so well trained in maintaining expensive and sensitive circuit board stamping equipment, Curtis has been authorized to contract to perform maintenance for outside customers. In this company, the maintenance department is likely organized as:
A. A profit center.
B. A cost center.
C. A revenue center.
D. An investment center.
Answer: A
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Students often view retailing as part of marketing because
A. retailing involves the management of distribution systems. B. retailers are not part of the supply chain. C. retailing requires only people with expertise in marketing. D. activities in retailing are confined to advertising and promotion. E. retailing does not involve traditional business activities.
Clabber Company has bonds outstanding with a par value of $112,000 and a carrying value of $104,500. If the company calls these bonds at a price of $101,000, the gain or loss on retirement is:
A. $7500 loss. B. $3500 loss. C. $3500 gain. D. $7500 gain. E. $11,000 loss.
Which of the following is a similarity between a living trust and an inter vivos trust?
A) both of them are subject to probate B) both of them require the beneficiaries to be present during the time of creation of the trust C) both of them are created while the settlor is still alive D) both of them are free from changes resulting from operations of law like annulment
In relation to damages, the test of foreseeability is subjective
Indicate whether the statement is true or false