Management is responsible for the fair presentation of a company's financial statements

Ron was concerned that customers at his store might be injured while on the premises and file a lawsuit against him. To provide protection against such claims, Ron should purchase:

(a) liability insurance (b) social insurance (c) surety bonds (d) inland marine insurance

The operating breakeven point can be found by solving for the sales level that just covers total fixed and variable costs

Indicate whether the statement is true or false