Corporations come into existence as the result of the activities of one or more persons known as promoters
Indicate whether the statement is true or false
True
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The owner's right, claim, or financial interest is expressed as
a. equity. b. capital. c. owner's equity. d. all of the answers listed.
Possessing resources that are important, scarce, and cannot be substituted by others creates ______.
A. interdependence B. the law of reciprocity C. coercive power D. dependence
Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. Which product has the
highest contribution margin per machine hour? A) Bales B) Tales C) Wales D) Bales and Tales have the same
In the absence of accidental death benefits the face amount of the policy less outstanding loans is the amount paid out at death
Indicate whether the statement is true or false.