Which of the following costs should be excluded from research and development expense?
a. Modification of the design of a product
b. Acquisition of R & D equipment for use on a current project only
c. Cost of marketing research for a new product
d. Engineering activity required to advance the design of a product to the manufacturing stage
Ans: c. Cost of marketing research for a new product
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Which of the following activities will cause a limited partner to lose his limited liability?
A) Voting on amendments to the limited partnership agreement B) Being an employee of the limited partnership C) Voting on the dissolution of the limited partnership D) Helping with the management of the limited partnership E) Acting as a surety for the limited partnership
With the addition of the extra tier, the three-tier architecture is considerably less complex than the two-tier architecture
Indicate whether the statement is true or false