ZETO Company acquired a new construction crane. The crane cost $1,000,000. In addition, Zeto paid delivery cost of $50,000, setup and installation of $75,000, and truck repairs of $5,000 (it seems that during setup, a large beam was accidentally dropped on the hood of one of Zeto's trucks). ZETO should record the crane in its accounting records at:

Which statement best describes the effect of the parol evidence rule?

a. The rule preserves the sanctity of the written agreement b. The rule ensures that both written and oral contract terms are given effect c. The rule ensures that the true intentions of the parties are given effect d. The rule requires all contracts to be in writing

According to the neoclassical theory, the sole purpose of a firm is to manage resources according to the societies' interests

Indicate whether the statement is true or false