If technology changes rapidly, a firm should
a. expense plant asset immediately because of the uncertainty of future benefits.
b. depreciate plant assets over long periods of time.
c. consider an accelerated rate of depreciation.
d. use the straight-line method of depreciation as it is the easiest.
c
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The old adage, "Figures lie, and liars figure" means that we must be careful in evaluating empirical data
Indicate whether the statement is true or false
MeatMen, Inc spends a great deal of money and effort to ensure that all employees are safe on the job, that all products are safe for consumers, and that the environmental impact of the corporation is minimal. MeatMen appears to strongly believe in the concept of
a. the moral minimum. b. corporate social responsibility. c. "grey areas" in the law. d. government oversight.
If there is no limited liability company (LLC) agreement covering a topic under dispute, the state LLC statute will govern the outcome.
Answer the following statement true (T) or false (F)
State statutes generally allow punitive damages to be awarded for a breach of contract
a. when the contract violates the statute of limitations. b. when the breaching party fraudulently caused the breach. c. when the contract is illegal. d. all of these.