On January 1, Year 1, Stiller Company paid $256,000 to obtain a patent. Stiller expected to use the patent for 5 years before it became technologically obsolete. The remaining legal life of the patent was 8 years. Based on this information, what is the amount of amortization expense during Year 3 and the book value of the patent as of December 31, Year 3, respectively?
A. $32,000 and $96,000
B. $32,000 and $160,000
C. $51,200 and $153,600
D. $51,200 and $102,400
Answer: D
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Before 1935, if an employer declined a request for voluntary recognition the only option employees had to gain bargaining rights was to launch a _______________________________.
Fill in the blank(s) with the appropriate word(s).
?All else equal, in which of the following forms of business would the possibility of an agency problem be the greatest?
A. ?A U.S. corporation in which individual stockholders own extremely small proportions of the company. B. ?A proprietorship in which the owner is actively managing the business operations. C. ?A partnership in which all the partners share management and decision-making responsibilities equally. D. ?A foreign corporation with concentrated ownership that is, relatively few owners. E. ?A U.S. corporation that gives company shares as incentives to its managers.
Answer the following statements true (T) or false (F)
1. Outsourcing is a common approach using the professional expertise within an organization to develop and maintain the organization's information technology systems. 2. Insourcing is an arrangement by which one organization provides a service or services for another organization that chooses not to perform them in-house. 3. BPO is the contracting of a specific business task, such as payroll, to a third-party service provider. 4. Offshore outsourcing is using organizations from developing countries to write code and develop systems. 5. Human resources is the most common outsourced function.
Which of these survey conclusions, if true, indicates a need to retrain employees at these locations?
A) Average prices of items in the meat department were higher than those at the grocer's competitors. B) Customers overwhelmingly lived within a ten-mile radius of the Shopper's Pride location that they patronized. C) The staff at the ten locations is comparable in level of experience to stores company-wide. D) Profits declined an average of 13 percent among the ten stores. E) Customers felt that checkout clerks and other personnel were "frequently" impersonal or unhelpful.