Intellectual property is created by:
a. physical labor
b. intellectual effort
c. standard industry processes d. strictly unwritten methods
e. when groups of more than three individuals agree on an idea
b
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The financial statement that summarizes the operating, investing, and financing activities of a business over a period of time is the ____________________
Fill in the blank(s) with correct word
Refer to the payoff table. Using the maximin criterion, what would be the highest expected payoff?
A) $145 B) $125 C) $85 D) $75 E) $60
At the beginning of the year, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Barcroft estimated that its volume of production would be 2,000 units of product. Based on these estimates, Barcroft computed a predetermined overhead rate that was used to allocate overhead costs to the products made during the year. As predicted, actual fixed overhead costs did amount to $25,000. However, actual volume of production amounted to 2,200 units of product. Based on this information alone:
A. Products were overcosted during the year. B. Products were costed accurately during the year. C. Products were undercosted during the year. D. The answer cannot be determined from the information provided.
Kelvin gratuitously agreed to house-sit for Bridget while she was on a business trip. Kelvin will be liable for ordinary negligence in caring for Bridget's house
Indicate whether the statement is true or false