If the December 31, 2016, balance of accounts payable is higher than the January 1, 2016, balance, then the amount of cash payments will exceed the purchases on account for the year
a. True
b. False
Indicate whether the statement is true or false
False
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If variable costs per unit increased because of an increase in hourly wage rates, the break-even point would:
A) decrease B) increase C) remain the same D) increase or decrease, depending upon the percentage increase in wage rates
James knows that the company’s new widget has a defect in it that will cause it to break after 3 months of use. He decides to say nothing about it because the company really needs the income from the new widget. It appears James’s justification for his unethical behavior is:
A. Everyone else does it B. I did it for the good of others or the company C. I was only following orders D. I’m not as bad as the others
Medicaid recipients must:
A) wait six-months before they can enroll B) provide a core requirement of minimum benefits C) not have any pre-existing conditions D) first spend all their financial assets
For there to be defamation, there usually must be harm to the person about whom the false statement is made
a. True b. False Indicate whether the statement is true or false