A trust is a legal entity that can only exist for a year.

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


False

The life of a trust is not necessarily limited to a specific period.

Business

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The punctuated equilibrium model suggests that groups spend the majority of their time in stasis

Indicate whether the statement is true or false

Business

Scenario 11.1 Use the following to answer the questions. Cheetos Fat-free Crunchies is a product developed through advanced technology. Cheetos engineered a technique for making reduced-fat snacks that taste cheesier and stay fresh longer. Cheetos introduced Fat-free Crunchies in limited markets in 2012 and began national distribution in 2013. About 18 months later, a series of competitors' ads was run claiming that Cheetos Crunchies actually contained 1.5 grams of fat, and that they contained preservatives and additives. Research showed that the taste of Cheetos Crunchies was also perceived negatively by some people. To save the product, Cheetos reduced the remaining fat to 0 grams, took out the preservatives, and improved the taste. Refer to Scenario 11.1. In 2012, Cheetos was in

which phase of new-product development? A. Idea screening B. Product development C. Test marketing D. Business analysis E. Idea generation

Business

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours30,000Total fixed manufacturing overhead cost$ 252,000Variable manufacturing overhead per machine-hour$ 2.10 Recently, Job T687 was completed with the following characteristics:Number of units in the job10Total machine-hours30Direct materials$ 675Direct labor cost$ 1,050The total job cost for Job T687 is closest to:

A. $1,725 B. $990 C. $2,040 D. $1,365

Business

The personnel director at a large company studied the eating habits of the company's employees. The director watched and recorded whether each employee brought his/her own lunch to work, ate at the company cafeteria, or went out to lunch. What method of data collection was used here?

a. Direct observation. c. A survey. b. An experiment. d. A personal interview.

Business