______ is the process of retaining copies of data over extended periods of time, being months or years, in order to meet legal and operational requirements to access past data

What will be an ideal response?


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To evaluate the performance of individual departments, interdepartmental transfers of a product should preferably be made at prices

a. equal to the market price of the product. b. set by the receiving department. c. equal to fully-allocated costs of the producing department. d. equal to variable costs to the producing department.

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Assume a manufacturing company bases its predetermined overhead rate on direct labor cost. Its estimated factory overhead costs are $200,000 and its direct labor costs are $500,000 . On job number 1313, direct labor cost $4,000 . What was the factory overhead applied to this job?

a. $160 b. $1,700 c. $10,000 d. $6,100 e. $1,600

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Which of the following is NOT true regarding mortgaged-backed securities (MBS)?

A) The MBS process allows the mortgage bank or other financial institution that made the original mortgage loan to get its money back out of the loan and lend it to someone else. B) Securitization provides liquidity to the mortgage market and makes it possible for banks to loan more money to home buyers. C) MBS are sold to investors who can hold them as an investment or resell them to other investors. D) All of the above statements are true.

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During the ________ of the product life cycle the demand, and therefore sales, for a product are at the lowest levels.

A. growth B. decline C. saturation D. maturity E. introduction

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