Unlike a summary, a paraphrase restates the original material in your own words and with your own sentence structures.

Answer the following statement(s) true (T) or false (F)


Answer : True

Business

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During much of the 1990s everyone expected to do well and the economy was expanding. This is a good example of:

a. a bear market b. an undervalued market c. a bull market d. the Maloney Act e. the consumer price index

Business

What is a key caveat of using observation of customers?

a. Quality is more important than quantity b. Observe as many customers as possible c. Observe customers in only one location d. Only allow one venture team member to do the observation

Business

Modiste, Inc manufactures two kinds of bags—totes and satchels

The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $24,000. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $33 $43 Direct labor cost per unit $50 $61 Number of units 530 380 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) A) 90.57% B) 48.31% C) 96.58% D) 1.36%

Business

________ can be more than or less than the price you paid for a given asset, depending on what others are willing to pay for that asset today

A) Net value B) Fair market value C) Intrinsic value D) Sentimental value

Business