Since R & D teams focus on developing new products, members are often selected on the basis of their ______.

Under absorption costing and variable costing, how are direct labor costs treated? Absorption Variable

a. Product Cost Product Cost b. Product Cost Period Cost c. Period Cost Product Cost d. Period Cost Period Cost

With regard to substandard life insurance risks, which of the following statements is CORRECT?

A) An applicant can be deemed a substandard risk based on physical condition only; no other criteria may be considered. B) To provide coverage to substandard risks, insurers are allowed to charge an extra premium; however, they cannot alter benefit periods or waiting periods. C) Because of stringent underwriting requirements, most life insurance applicants are classified as substandard risks. D) When the applicant represents a substandard risk, the policy may be modified to reduce the benefits provided. "