The useful life of a plant asset is:
A. Determined by the FASB.
B. Determined by law.
C. The length of time it is productively used in a company's operations.
D. Its productive life, but not to exceed one year.
E. Never related to its physical life.
Answer: C
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Discuss the adage "hire for attitude, train for skill." What are its implications for the attraction, training, and retention of top talent?
What will be an ideal response?
It has been estimated that at about ____ of products currently on the market were not available 5 years ago, creating additional pressure to locate suppliers worldwide that can provide inputs at competitive prices and quality and with quick responsiveness to market changes.
A. one-third B. 60 percent C. one-quarter D. three-quarters E. 10 percent
Generally Accepted Accounting Principles (GAAP) is a set of principle-based accounting standards
established by the Financial Accounting Standards Board (FASB). Indicate whether the statement is true or false
For a given return on assets, the lower the bank capital is,
A) the lower the return for the owners of the bank will be. B) the higher the return for the owners of the bank will be. C) the lower the credit risk for the owners of the bank will be. D) both A and C of the above will happen.