Historically, the cost of quality has been

a. immaterial bacause no accounts were developed to detail these amounts.
b. included in account balances for items such as Work in Process Inventory and marketing expenses.
c. Generally spent in the prevention rather than the appraisal category.
d. detailed in various "cost of quality" account balances on the Income Statement.


b

Business

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An advantage of the partnership form of business organization is

a. unlimited liability b. mutual agency c. ease of formation d. limited life

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On the corporate balance sheet, which of the following would not be disclosed in the equity section?

a. par value; b. number of stockholders; c. number of authorized shares; d. total paid-in capital; e. amount of preferred stock subscribed.

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Compare and contrast the use of negative and positive appeals in advertising messages

What will be an ideal response?

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Which ratio will increase in a liability fraud?

a. Accounts payable ÷ purchases b. Interest expense ÷ notes payable c. Total liabilities ÷ total assets d. Lease expense ÷ total fixed assets

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