Infringement of intellectual property is ________.

A. a business tactic
B. a crime
C. profitable
D. legal in some states


Answer: B

Business

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During August, the Filtering Department of Rudbeckia, Inc. had beginning Work-in-Process inventory of 120 units with costs of $50,000. 525 units were transferred in during the month. It had 60 units in ending Work-in-Process Inventory. Under the first-in, first-out (FIFO) method, current period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________.

A) 0 units B) 525 units C) 120 units D) 60 units

Business

The depreciable cost of an asset is

a. the unexpired cost of the asset. b. original cost minus residual value. c. the expired cost of the asset. d. original cost minus accumulated depreciation.

Business

To a part-time entrepreneur pricing is very important. Which of the following statements about pricing and costing is not true?

A. Pricing is often seen as a challenge by part-time businesses. B. People working part time can be prone to underestimate their costs. C. A good way to get a realistic idea of pricing your product is to price competitors' products. D. Central to figuring the real cost of your product is keeping good records.

Business

All business associations are separate taxable entities

Indicate whether the statement is true or false

Business