The Federal Trade Commission (FTC) can use the court system to stop unfair and deceptive advertising and communication practices without going through the normal steps of starting with a consent agreement

Companies calculate the predetermined overhead rate at the beginning of an accounting period using the actual values of overhead costs

Indicate whether the statement is true or false

Jack started a construction company. To protect his personal assets from the claims of creditors and claimants, he decided to incorporate the business. Incorporating the business illustrates which method of risk treatment?

(a) retention (b) noninsurance transfer (c) avoidance (d) loss control