The principal difference between process costing and job costing is that in job costing an averaging process is used to compute the unit costs of products or services
Indicate whether this statement is true or false.
Answer: FALSE
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You order a pizza from a local pizza delivery company. When you bite into the pizza you break your tooth on a piece of metal baked into the crust. You hire a lawyer to represent you in your lawsuit against the pizza company to recover your medical expenses and for the pain and suffering you endured. Which of the following is true with respect to what fees your attorney can charge?
A. Your case is criminal so your attorney must take the case on a contingency fee basis as no other fee structure is permitted by the American Bar Association B. Your case is criminal so your attorney must be paid on an hourly basis at whatever hourly rate she charges for such cases as long as it is not unreasonable. C. Your case is civil so your attorney is prohibited from taking the case on a contingency fee basis and your attorney can only charge you a flat fee based on a rule of the American Bar Association D. Your case is civil so your attorney can take the case on a contingency fee basis or charge you an hourly fee for her services. E. Because this is a private lawsuit your lawyer can only charge you a fee if she wins the case for you based on regulations of the American Bar Association.
Fred asks Bertrand about the validity of various proposals that Bertrand has offered to resolve a conflict between them
He tells Bertrand that while he thinks his proposals seem sound, he wants to test them to be sure that any agreement based on them will last. This behavior best illustrates: a. Openness b. Persistence c. Critical reasoning d. Integrity