The cost of an internally developed unidentifiable intangible is expensed as incurred. Accordingly, which one of the following costs would be expensed in the year it was incurred?
A) legal cost of obtaining a patent
B) cost of improvements with a three-year life made to an asset that is being leased by the company for a five-year period
C) costs of developing new software products with proven technological feasibility
D) Costs of developing knowledge and skill levels for new management-level employees
D
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One way to minimize the chance of a candidate being considered careless or disrespectful is to do what?
A) Visit career services B) Have a fixed and well planned career path C) Catch errors before the résumé is sent D) Include extensive references E) Ask for information that can be found on the organization's website
According to ethical relativism, ________
A) ethics rely on duties based on universal rules one is morally bound to follow B) each person is presumed to have entered into a social contract with all others in society to obey ethical rules C) there are no universal ethical rules to guide a person's conduct D) people must choose an action or follow a rule that provides the greatest good to society
The budget process is a loop that consists of ________
A) planning, acting, and controlling B) developing strategies, planning, acting, and controlling C) developing strategies, planning, and acting D) developing strategies, acting, and controlling
In a covenant not to sue, the parties substitute a contractual obligation for some other type of action
Indicate whether the statement is true or false