Anything that can cause a loss is a:
a. risk
b. hazard
c. form of underwriting
d. peril
e. event
d. peril
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The gain or loss on the sale of a plant asset is determined by comparing the market value of assets received with the ________ of asset sold.
A) book value B) residual value C) original cost D) salvage value
Employers now recognize that when employees use social media at work, the employees become "brand evangelists" for the organization
Indicate whether the statement is true or false.
Johnson Construction Materials Company has a sales office that sells concrete culvert pipes to property developers
The sales office is a revenue center and prepares a monthly responsibility report. The following information is provided. Revenue Center Responsibility Report Product Type Actual Sales Revenue Flexible Budget Variance U/F Flexible Budget Sales Volume Variance U/F Static Budget 40 inch $31,700 $30,000 $40,800 36 inch long 40,200 42,200 33,000 36 inch short 36,000 33,100 31,100 32 inch 19,100 20,900 28,000 What is the flexible budget variance for the 40-inch pipe? A) $1,700 U B) $10,800 F C) $10,800 U D) $1,700 F
Candy, Inc signed an agreement with Sweet Plantation. Under the contract, Candy, Inc agreed to purchase all the sugar cane Sweet Plantation grew during the coming season for $0.16 per pound. This contract will be unenforceable due to its vagueness
Indicate whether the statement is true or false