In 1978, a 13-year-old boy was severely burned in a rear-end collision involving a Ford Pinto. The case went to court and Ford was ordered to pay $125 million in punitive damages based on the legal principle of

In the incremental cost-allocation method, the third-ranked user is the second-incremental user and is allocated the additional cost that arises from only one user

Indicate whether the statement is true or false

In a firm with proper segregation of duties, adequate supervision is most critical in

a. purchasing b. receiving c. accounts payable d. general ledger