The "rule of reason" requires the courts to balance the anticompetitive effects of behavior in restraint of trade with its positive effects on competition
Indicate whether the statement is true or false
True
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In general, there are ________ types of responsibility centers
A) two B) five C) ten D) three
For accounting purposes, stated value is treated the same way as par value
Indicate whether the statement is true or false
The adjusting entry to record the salaries earned due to employees for services provided but unpaid at the end of the accounting period affects the accounts in which of the following ways?
A. Debit Accrued Salaries and credit Salaries Payable. B. Debit Salaries Payable and credit Salaries Expense. C. Debit Salaries Expense and credit Cash. D. Debit Salaries Expense and credit Salaries Payable. E. Debit Cash and credit Salaries Expense.
Customers at an amusement park arrive at the rate of 10 customers per hour. The entry booth is staffed by one employee. The mean service time at the booth to provide service to each customer is 5 min. The arrival rate follows a Poisson distribution, and the service time at the booth follows a negative exponential distribution. Determine the percentage of time the employee at the service booth will be idle.
A. 17% B. 44% C. 12% D. 43%