Which of the following is an economic resource that should be depreciated over the accounting periods estimated to be benefited?
A) salaries incurred but unpaid at year-end
B) rent collected in advance for a three-year rental period
C) equipment purchased for use in the business operations
D) interest revenue accrued on investment in bonds
C
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Projecting findings based on nonprobability sampling to the population is misleading and therefore unethical
Indicate whether the statement is true or false
Which of the following statements is true for the Consumer Product Safety Act (CPSA) of 1972?
A. Its authority covers products such as motor vehicles and equipment, firearms, aircraft, boats, drugs, cosmetics, and food products. B. It established the Consumer Product Safety Commission (CPSC), an independent regulatory agency which is the main federal agency concerned with product safety. C. It cannot be used by the CPSC to bring suit in federal district court to eliminate the dangers presented by imminently hazardous consumer products. D. It can regulate consumer products but does not have the power to ban any products.
A flexible budget is derived by dividing actual unit costs by the standard unit costs
Indicate whether the statement is true or false
Which of the following statements concerning trademarks is not true?
A. A trademark may be a word, slogan, symbol, design or particular sound. B. Unlike a patent, trademarks last indefinitely. C. The PTO is responsible for the federal registration of trademarks. D. It is possible to file for a trademark if you intend to use this mark in the future.