When Congress makes a tax law or rate change, a corporation recognizes financial statement impact by adjusting the deferred assets or liabilities as of the beginning of the year in which the change is made

One of the advantages of licensing is:

A) licensees have limited control. B) licensees have considerable autonomy. C) license agreements have short life. D) licensees can develop similar products. E) licensees have considerable leverage.

Which of the following is NOT required to be known in order to schedule process-focused facilities?

A) the sequence of work B) which workers are assigned to each work center C) the time required for each item D) the capacity of each work center E) the availability of each work center