The probability or likelihood of an unfavorable event occurring is defined as what?

A) Chance
B) Luck
C) Karma
D) Risk
E) Percentage


D) Risk

Business

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For plant assets acquired after 1986, either the double-declining-balance method or the Modified Accelerated Cost Recovery System (MACRS) must be used for tax purposes

a. True b. False Indicate whether the statement is true or false

Business

When a company using LIFO experiences a partial or complete liquidation of its older, lower-priced inventory, its gross margin will be_____________(higher, lower, or unchanged) for the period

Fill in the blank(s) with correct word

Business

An in-group relationship between a leader and follower is based on ______.

a. context b. followers c. trust d. none of these

Business

The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13 per hour. Compute the labor rate variance

A) 4,920U B) 4,920F C) 4,560U D) 4,560U

Business