Which of the following statements is FALSE? Standard form contracts
A) are necessary for the business world to function
B) are usually only used if the contract is between two companies
C) often include a disclaimer clause
D) are usually written to favour the party that wrote the contract
E) often result in one party signing it without reading all the terms
B
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A company is not required to follow a specific format in making the disclosures for its segments but the FASB encourages the most useful format for its specific circumstances
Indicate whether the statement is true or false
Speed Zone Inc, dealers in automobiles, pays its employees a commission of 5 percent on each sale. What is the proper classification of the cost of sales commissions?
A) Scattered cost B) Variable cost C) Mixed cost D) Fixed cost
Dependent demand items are ______.
a. those items whose demand depends on the demand for finished products b. intermediate products whose demand depends on external marketing conditions c. raw materials whose demand is determined by external marketing conditions d. semifinished products whose demand is determined by external marketing conditions
________ is disrupting the lending business by facilitating person-to-person money lending
Fill in the blank(s) with correct word