The fixed overhead cost variance measures the difference between actual fixed overhead and allocated fixed overhead
Indicate whether the statement is true or false
FALSE
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In an insurance contract, if one of the two parties involved drafted a contract, ________.
A. a third mutual party should also sign the contract for it to be valid B. ambiguities are solved in favor of the party who drafted the contract C. the contract will not be legally enforceable D. ambiguities are solved against the party who drafted the contract
Which of the following is a good option for the decision maker when formulating and solving complex nonlinear programming models?
a. Formulating the problem as a linear model and considering the trade-off between a less rigorous formulation and an efficient solution b. Formulating the problem as a nonlinear model and solving it using linear modeling approaches c. Not using an optimization technique and saving on model building and solution costs d. All of the above
A bar chart uses rectangular bars to display data values. The statement below that is true is: ____.
A. A longer bar means a greater value B. A smaller bar means a greater value C. The size of the bar does not correspond to the value D. None of the above
Generally, an accountant must possess the skills that an ordinarily prudent accountant would have.
Answer the following statement true (T) or false (F)