Lovejoy Co purchased a patent on January 1 . 2011, for $714,000 . The patent was being amortized over its remaining legal life of 1 . years expiring on January 1 . 2026 . During 2014, Lovejoy determined that the economic benefits of the patent would not last longer than 1 . years from the date of acquisition. What amount should be charged to patent amortization expense for the year ended December
31 . 2014?
a. $47,600
b. $71,400
c. $81,600
d. $142,800
C
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Greg works for Geneva Steel Corporation. Greg's duties include managing the overall processes for the company and transforming the steel resources into goods. Which department would Greg most likely work in?
A. Accounting B. CIO C. Operations management D. Marketing
The underlying principle of quality of working life programs was that:
A. If working conditions were more humane, job satisfaction and product quality would increase B. If product quality were improved, people would feel better about their jobs C. If work life were improved, workers' lives would be better D. If there were fewer defects in production, profits would improve.
What is a relatively inexpensive ways for organizations to be more sustainable?
a) Increase paper use b) Allocate more company parking spaces c) Use energy efficient lighting d) Donate large sums of money to charity
All of the following statements about the Digital Millennium Copyright Act (DMCA) are true except:
A) the DMCA makes it illegal to circumvent technological measures to protect works. B) the DMCA makes Internet Service Providers (ISPs) responsible and accountable for hosting Web sites or providing services to infringers regardless of whether the ISP is aware of infringement. C) the DMCA requires search engines to block access to infringing sites. D) the DMCA allows libraries to make digital copies of works for internal use only.