For the doctrine of promissory estoppel to be applied, there must be a clear and definite promise
Indicate whether the statement is true or false
T
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The manager of Center A is responsible for generating cash inflows and incurring costs with the goal of making money for the company. The manager has no responsibility for assets. What type of responsibility center is Center A?
a. Cost center b. Discretionary cost center c. Profit center d. Revenue center
Drilling equipment with a ten-year useful life is used solely in conjunction with an oil well that has an eight-year life. The equipment should be depreciated over eight years using the production method
Indicate whether the statement is true or false
Corporations are permitted to become general partners to a limited partnership
Indicate whether the statement is true or false
_______ identifies potential hazards and alternative strategies to meet business plan goals and objectives.
A. Financial planning B. The financial plan C. Assessment of risk D. Alternative planning analysis