Research and Development Expenses Are Normally Considered to Be Discretionary

question 9

True/False

Research and development expenses are normally considered to be discretionary costs.

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Definitions:

Reasonable Basis

A standard which requires that claims, especially in law and finance, must have a foundation that is logically sound and justifiable.

Generalities

Statements or ideas that are broad and unspecific, lacking in detailed explanation or specificity.

Exaggerations

Statements that stretch the truth or overstate facts.

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about terms and costs.