When a company sells a piece of equipment or land, any gain (sales price less the book value of the

asset or residual value) is thought to be a capital gain.

Indicate whether the statement is true or false

FALSE

Business

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Product modification occurs even when changes are made to a product's aesthetic appearance rather than its quality or functionality

Indicate whether the statement is true or false a. True b. False

Business

As defined in the text, job evaluation is

(a) measuring an employee's performance (b) management's evaluation of the effectiveness of the job (c) the extent to which a job description fits the actual tasks of the job (d) the process of deciding the relative importance of one job as compared to another

Business