Raymond agrees to transfer an easement right to Sandra for $1,000. This contract is within the statute of frauds and therefore needs to be in writing to be enforceable
Indicate whether the statement is true or false
True
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Intangible assets ________.
A) always have a definite life B) are recorded at cost when purchased externally C) are always expensed through amortization D) do not include goodwill
Why did 3M phase out the production of a chemical used as an ingredient in its Scotchgard fabric protector?
A. The product accidentally violated the patent rights of a competitor. B. New governmental legislation banned the production of one of the product's key component chemicals. C. 3M developed a new product that didn't contain this chemical and was less costly to produce, resulting in a significantly higher profit margin. D. New advances in fabric manufacturing, such as dirt repellant fibers, made the need for the product obsolete. E. Traces of the potentially harmful chemical were found in humans, so the product was voluntarily halted.
_____ is asimple method incorporated into a production process designed to eliminate or greatly reduce errors.
A. A poka-yoke B. Six Sigma C. Just-in-time production D. The critical path method
With a couple of new ideas regarding software design, Carol and Ray start a partnership that, with business success, becomes Pacific Applications Company. The company grows to include a staff of twenty-one employees. Over time, Pacific develops a new computer operating system. The firm signs licensing contracts with several computer manufacturers, but needs to double the number of its employees to fulfill those contracts. Is Pacific subject to federal antidiscrimination laws? If so, what should it consider in hiring new employees?
What will be an ideal response?