The BEST definition of common knowledge is—
a. facts presumably known by most persons involved in the subject.
b. facts presumably known by all U.S. adults.
c. facts that were published without being copyrighted
d. facts presumably know by all persons likely to read the material.
b
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Financial accounting is the area of accounting aimed at serving external users by providing them with general-purpose financial statements.
Answer the following statement true (T) or false (F)
Which of the following occurs during a novation?
A) All parties agree to substitute new parties for the original parties to the agreement. B) One of the parties to the contract names a third party as the beneficiary. C) One of the parties to the contract assigns his contract rights to a third party without obtaining the other parties' consent. D) All parties agree to lower the contract price.
A car assembly line consists of a number of operational components that must work in sequence for the end product to be successfully manufactured. This is an example of which type of workplace technology?
a. Operation technology b. Management technology c. Production technology d. Statistic technology
"Loss of use" coverage will not provide payment for:
A) extra expenses incurred to stay in operation after an insured loss occurs B) payment for a direct loss caused by fire at a described premises C) lost profits after an insured loss due to the interruption of business D) coverage for any continuing fixed expenses due to the loss of cash flow