Compliance with a legislative enactment or administrative regulation does not prevent a finding of negligence if a reasonable person would have taken additional precautions to avoid harm
a. True
b. False
Indicate whether the statement is true or false
True
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Artis Sales has two store locations. Store A has fixed costs of $125,000 per month and a variable cost ratio of 60%. Store B has fixed costs of $200,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits or losses?
A. $325,000. B. $250,000. C. $361,111. D. Cannot determine with the information given.
Which of the following statements regarding service companies and activity-based costing (ABC) is true?
A) Service companies are not permitted to use ABC costing. B) Service companies find it easier to use ABC costing than manufacturing companies. C) Fewer repetitive activities make ABC costing more difficult to implement in service companies. D) Service companies have proportionately less facility-level costs than manufacturing companies.
When entrepreneurs are unwilling to give up responsibility to others, it becomes difficult to transition from a start-up to a growing, well-managed business.
Answer the following statement true (T) or false (F)
The Sarbanes-Oxley Act (SOX) requires companies to review internal control and take responsibility for the accuracy and completeness of their financial reports
Indicate whether the statement is true or false