NoGas, Inc, designs and makes a non-fuel propulsion system that copies parts of Omni Momentum Corporation's designs without Omni's permis¬sion. This is most likely
a. copyright infringement.
b. patent infringement.
c. trademark infringement.
d. not infringement.
B
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________ is best to use to determine how strongly sales are related to advertising expenditures
A) Multiple regression analysis B) Partial correlation coefficient C) ANOVA D) Product moment correlation (r)
Management is not responsible for implementing internal controls and does not need to issue a report on internal controls.
Answer the following statement true (T) or false (F)
A potential negative effect of using a just in time inventory system is the immediate impact of labor strikes on the transportation system such as railroad.
Answer the following statement true (T) or false (F)
A company uses a periodic inventory system. The company had beginning inventory of 3 units that cost $5 each. During the month, 17 units were purchased for $6 each. The company sold 15 units during the month and had 5 remaining in ending inventory. If the company uses FIFO instead of LIFO to calculate cost of goods sold, then cost of goods sold will be:
A. lower using FIFO, leading to lower gross profit and lower income taxes. B. higher using FIFO, leading to higher gross profit and higher income taxes. C. higher using FIFO, leading to lower gross profit and lower income taxes. D. lower using FIFO, leading to higher gross profit and higher income taxes.