?A barrier to potential new market entrants is the high expense of entering the particular market.

Answer the following statement true (T) or false (F)


True

Business

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The ledger account form has a Balance column

Indicate whether the statement is true or false

Business

On September 30, the Drying Department of Jamoca, Inc. had ending Work-in-Process Inventory that was 28% complete for materials and 23% complete for conversion costs. The company uses the FIFO method. This means that for the ending Work-in-Process inventory, ________% of materials and ________% of the conversion costs were added during September.

A) 77; 72 B) 72; 77 C) 23; 28 D) 28; 23

Business

______ is viewing the world from our cultural group’s point of view, which makes our customs and values the standard by which the rest of the world is judged.

A. Egocentric B. Altruism C. Ethnocentrism D. Utilitarianism

Business

According to the ________ evidence rule, when parties have executed a written agreement which is complete on its face, oral agreements made before or at the same time as the written agreement that vary, alter, or contradict the written agreement are

invalid. A) parol B) statutory C) fraudulent D) promissory

Business