Interoperability refers to connecting people, data, and diverse systems
Indicate whether the statement is true or false
TRUE
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Which of the following is the correct formula for the profit margin ratio?
A) Net profit / Sales B) Net sales / Average total assets C) Net profit × Capital invested D) Operating income / Net sales
When a supervisor has to criticize the work of a subordinate, what type of technique will help the subordinate be more receptive to the information?
A) Using accusatory language so there will be no misunderstanding B) Using biased language C) Sending mixed signals by using nonverbal cues that lets the employee know the issue isn't really critical, while using strong words to describe the issue D) Phrasing the comment as positively as possible E) Using ambiguous language
Which of the following elements is not necessary to apply the doctrine of res ipsa loquitur?
a. An ultra-hazardous activity is involved. b. The defendant had exclusive control of the thing that caused the harm. c. The harm would normally not have occurred without negligence. d. The plaintiff had no role in causing the harm.
On January 1, Year 1, Friedman Company purchased a truck that cost $48,000. The truck had an expected useful life of 8 years and an $8,000 salvage value. Friedman uses the double-declining-balance method. What is the book value of the truck at the end of Year 1?
A. $38,000 B. $43,000 C. $40,000 D. $36,000