Cash flows to assets is measured in "times."
Indicate whether the statement is true or false
False
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What will be an ideal response?
A silicon chip one cubic inch in size that contains thousands of small transistors is called a:
a. vacuum tube b. transistor c. reactor d. large-scale integrated circuit e. very large-scale integrated circuit
Annette drove through an intersection without looking and hit Vincent's car that he had driven into the intersection without obeying a stop sign. Annette sued Vincent. The jury found that Annette's fault contributed 20 percent to the collision and determined that her total loss was $100,000 . Under comparative negligence, the jury should award Annette
a. $20,000. b. $80,000. c. $100,000. d. nothing.
Which of the following is true about ERP systems?
A) Because ERP systems are software based, they have given way to a more service-based economy. B) Because ERP systems track costs more efficiently, the benefit from the cost information outweighs the cost of obtaining the information. C) Because ERP systems track costs more efficiently, process costing systems are becoming more prevalent. D) Because ERP systems have the ability to trace all production costs to individual units, all product costs can now be classified as either direct materials or direct labor.