If a research and development cost has alternative future uses, then the company
A. expenses the cost in the period incurred.
B. follows normal accrual procedures.
C. adds the cost to inventory.
D. adds the cost to property, plant, and equipment.
Answer: B
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A) refers to a major shift from an old technology B) usually offers new customer benefits C) refers to change along the technology innovation curve D) refers to the development of technology and improved products for a given product market E) allows for the development of products that are more expensive
Employers are never strictly liable to any of their employees who might have suffered sexual harassment at the workplace
Indicate whether the statement is true or false
Why is it important that managers understand the social policy practices of countries in which they are doing business.
a. To assure adherence to employment laws and regulations b. To understand the business context they operate within c. To understand the underlying value system in the country d. To assure adherence to local customs and practices
Under the UCC, a sales contract of ________ is enforceable if it is oral
A) no amount B) less than $5,000 C) less than $500 D) any amount