What is the first step in the basic planning process?
A) evaluating the possible alternatives
B) implementing a course of action
C) setting an objective
D) comparing options
Answer: C
Business
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On October 1, 2017, Nurix, Inc. purchased a patent for $205,000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only 10 years. What will be the balance in the patent account on September 30, 2018?
A) $184,500 B) $205,000 C) $194,750 D) $102,500
Business
A standard policy of title insurance covers
A. unrecorded mechanics' liens. B. instruments outside the chain of title. C. easements that are not a matter of public record. D. none of these.
Business