A satellite is a space station that orbits the earth, receiving and transmitting signals from earth-based stations over a wide area.

Answer the following statement true (T) or false (F)


True

Business

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When a change in method is inseparable from a change in estimate, the change is accounted for

A) prospectively. B) by the retrospective adjustment or restatement. C) by a retrospective application of a new accounting principle. D) by constructive application of a new accounting principle.

Business

ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable costs per unit are tabled here. Determine the process to be selected when the production volume is 500 units.



A. Process A
B. Process B
C. Process C
D. cannot be determined

Business

The use of cellular phones and wireless technology aids rural, poor populations in many ways. The growth of cell phone use among this population is most attributed to:

A. Literacy not required. B. Expensive legacy infrastructure not required. C. Inexpensive phones made available through multinational companies and more recently local providers. D. The market advantages reaped by cell phone users. E. All of the above illustrate reasons for the growth of cell phone use in rural, poor populations.

Business

For Penrose (1959), firms are superior to markets in terms of their _________.

a. Management b. Innovation c. Endogenous creation of knowledge, innovation and value d. None of the above

Business