In relation to locus of control, people who believe they are pawns of fate are referred to as ________.
A. externals
B. determinist
C. pawnist
D. fatalist
Answer: A
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The projected benefit obligation measures
a. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. b. an estimated total benefit at retirement and then computes the level cost that will be sufficient, together with interest expected to accumulate at the assumed rate, to provide the total benefits at retirement. c. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. d. the shortest possible period for funding to maximize the tax deduction.
The USES (United States Employment Service) both controls and operates the public employment agencies found in the various states
Indicate whether the statement is true or false.
Daniel is a general partner in a real estate investment firm. Hank and Barry are limited partners. Daniel, without the consent or ratification of Hank and Barry, can:
a. admit another limited partner. b. act as an agent of the partnership. c. rename the partnership using Hank's last name. d. not have almost exclusive managerial control of the business.
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year?
A. $81,600. B. $45,600. C. $48,133. D. $23,750. E. $22,500.