When a contract's writing is not clear, a court will not consider evidence outside the contract to interpret its terms
Indicate whether the statement is true or false
False
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The presence of beginning and ending work-in-process inventories leads to much of the complication surrounding process costing
Indicate whether the statement is true or false
The ______ approach states that opportunities do not exist independent of entrepreneurs but are, instead, a product of the mind.
a. building b. mind product c. opportunity d. entrepreneurial
In product-based tailored sourcing,
A) low-volume products with uncertain demand are obtained from a flexible source. B) high-volume products with less demand uncertainty are obtained from an efficient source. C) high-volume products with less demand uncertainty are obtained from a flexible source. D) A and B only
Evaluate the following projects using the payback method assuming a rule of 3 years for payback
Year Project A Project B 0 -10,000 -10,000 1 4,000 4,000 2 4,000 3,000 3 4,000 2,000 4 0 1,000,000 A) Project A can be accepted because the payback period is 2.5 years but Project B cannot be accepted because it's payback period is longer than 3 years. B) Project B should be accepted because even though the payback period is 2.5 years for Project A and 3.001 for project B, there is a $1,000,000 payoff in the 4th year in Project B. C) Project B should be accepted because you get more money paid back in the long run. D) Both projects can be accepted because the payback is less than 3 years.