Barbara, a skilled welder, was hired at Mainco Enterprises for a welding position. She was asked to sign noncompete clauses limiting future employment if she left Mainco. A court would be very likely to enforce the noncompete clause unless the time or geographic restriction is unreasonable
a. True
b. False
Indicate whether the statement is true or false
False
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The degree of operating leverage is greatest in companies that have high fixed costs and low variable costs per unit
Indicate whether the statement is true or false
When would LIFO liquidation occur?
a. As a result of selling more units than are purchased during the period. b. As a result of selling less units than are purchased during the period. c. As a result of selling the same number of units that are purchased during the period. d. Not enough information.
Earnings management through strategic matching is best exemplified by
a. changing the useful life of a depreciable asset. b. timing transactions such that large one-time gains and losses occur in the same quarter. c. changing the interest rate used in accounting for leases without describing the change in the notes to the financial statements. d. capitalizing as assets expenditures that have no future economic benefit.
A television station donates a commercial to announce a local blood drive. This is called:
a. joint advertising b. public service advertising c. sales promotion d. publicity e. personal marketing