Productivity tends to increase when components are standardized because each worker performs a standardized task or work method more often each day

If a corporation purchases a lot and building and subsequently tears down the building and uses the property as a parking lot, the proper accounting treatment of the cost of the building would depend on

a. the significance of the cost allocated to the building in relation to the combined cost of the lot and building. b. the length of time for which the building was held prior to its demolition. c. the contemplated future use of the parking lot. d. the intention of management for the property when the building was acquired.

Even if a change is very minor, a counteroffer should be made on a separate form (such as the C.A.R. CO form) because:

A. the separate form is needed for the broker's transaction records, even if it was not needed for validity B. signatures on the original form are invalidated by handwritten changes C. a counteroffer is actually a new offer and a separate form is necessary D. it is vital to have a record that shows at what point a contract was formed