Investing activities involve the buying and selling of assets such as land and equipment that are held for long-term use in the business.
Answer the following statement true (T) or false (F)
True
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Which scale is NOT an itemized rating scale?
A) Likert scale B) semantic differential scale C) continuous rating scale D) Stapel scale
Which of the following is true of a joint will?
A. The mere fact that a joint will has been executed creates the presumption of a contract not to revoke the will. B. Whether a joint will is revocable depends only on the language of the will. C. A testator who has made a joint will cannot change the will later under any circumstances. D. Underlying a joint will is an agreement on a common plan.
When all of the units produced are sold, the operating income is the same under both the absorption and variable costing methods. Assume no beginning and ending inventories. Which of the following gives the correct reason for the above statement?
A) All costs incurred have been recorded as expenses. B) A portion of the fixed manufacturing overhead is still in the Finished Goods Inventory account. C) All selling and administrative expenses have been recorded as period costs. D) Fixed manufacturing costs have not been considered when calculating the operating incomes.
________ can adopt one of two competitive strategies: they can challenge the leader or they can play along with competitors and not rock the boat
A) Runner-up firms B) Market nichers C) Global investors D) Localized marketers E) Market developers