Dynamic modeling features ________
A) classes
B) objects
C) behavior
D) structure
B
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Darius has the right to prevent his neighbor from erecting a building on his property that would block light and air from Darius's home. This is an example of a(n) ________.
A. affirmative easement B. adverse possession C. negative easement D. necessity
After the observations of cost and production data are plotted on graph paper, a line is drawn by visual inspection representing the trend shown by most of the data points using the:
a. Observation method. b. High-low method. c. Method of least squares. d. Scattergraph method.
If there is no cash involved in a business transaction, the transaction should be recorded in ________.
A) either the cash receipts journal or general journal B) either the sales journal or purchases journal C) the general journal only D) sales journal, purchases journal, or general journal
Answer the following statements true (T) or false (F)
1. The transfer price should be an amount between the market price and the variable cost. 2. When operating at capacity, a market-based transfer price should be used. 3. If a company allows division managers to negotiate a cost-based transfer price, it is better to use actual costs rather than standard costs. Otherwise, the selling division has no motivation to control costs.