Costs that change directly with the level of production are referred to as ________ costs
A) fixed
B) variable
C) target
D) capital
E) payroll
B
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Which of the following is NOT a way to demonstrate confidence during an interview?
a. Smiling b. Speaking directly c. Arguing to show self-assurance d. Telling the interviewer how happy you are to have the opportunity to meet
If a principal ratifies a contract without knowing all of the facts, the principal can rescind the contract
Indicate whether the statement is true or false
The most dangerous risk in corporate entrepreneurship is possibility of
A. rewarding risk takers. B. supporting innovative and creative behaviors. C. working on a few underfunded projects. D. relying too heavily on a single large project. E. tolerating and encouraging bootlegging.
The building used in Tim's business was condemned by the city of Lafayette. Tim received a condemnation award of $125,000. He paid $1,200 in lawyer's fees and $800 for an appraisal of the property. Tim's adjusted basis in the building was $60,000. Tim reinvests in similar property costing $110,000, and Tim makes the proper election regarding the property. What is the amount of Tim's realized (not
recognized) gain on the condemnation? A) $0 B) $50,000 C) $63,000 D) $65,000