If two events are mutually exclusive, the probability of both events occurring is simply the sum of the individual probabilities

A voidable contract is one that:

A. would be valid but cannot be proven in a court B. has no legal effect, since it was never a valid contract C. may be enforced or rescinded by one of the parties D. contains all four legal elements necessary for validity

Process costing is ________

A) used to enhance employees' job satisfaction B) used by businesses to price unique products or identical products produced in batches C) used by businesses to price identical products D) used by businesses when manufacturing goods above normal capacity