The amount of capital paid in by the stockholders of the corporation is called legal capital

Indicate whether the statement is true or false


False

Business

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A nominal scale can only involve the assignment of numbers; alphabets or symbols cannot be assigned

Indicate whether the statement is true or false

Business

________ are costs which stay constant regardless of the number of units made (within limits)

A) Fixed costs B) Switching costs C) Variable costs D) Sunk costs

Business

The defining aspect of informal mentoring is that the mentor gives guidance mostly over meals, during beverage breaks, and in athletic settings

Indicate whether the statement is true or false.

Business

The simulation modeler must perform a pilot run in order to compare the performance of the model with the performance of the system being simulated

a. True b. False

Business