Secret profits obtained by a director or officer cannot be recovered by a corporation.
Answer the following statement true (T) or false (F)
False
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An assumption about cost flow is necessary
a. because it is required by income tax regulations. b. only when the flow of goods cannot be determined. c. because prices usually change, and tracking which units have been sold is difficult. d. even when there is no change in the purchase price of inventory.
Bobs marginal utility for consuming beer and pizza with $8.00 in income according to the above table, how much total utility does Bob get from 3 peices of pizza
A. 30 utils B. 130 utils C. 115 utils D. 85 utils
A company can easily avoid environmental issues because the creation and distribution of wealth generates very few by-products.
Answer the following statement true (T) or false (F)
Edwina wrote an original novel entitled "Good Thunder on the Prairie" and registered a copyright on her work. A vice-president/producer at a film studio read the book and thought it would make an excellent made-for-television movie, so without
consulting Edwina, he developed a script based upon the novel and produced it as "Thunder Storm on the Prairie." What, if any, recourse does Edwina have under the circumstances?