What Special Resources Does a Business Need to Do E-Business

question 47

Short Answer

What special resources does a business need to do e-business?

Analyze the financial implications of overapplied or underapplied manufacturing overhead on company operations.

Prepare and analyze T-accounts related to manufacturing costs.

Comprehend the overall impact of cost accounting practices on the financial health of a manufacturing entity.

Understand how to calculate direct materials cost.

---

Definitions:

Signature Liability

Liability attributed because of a party’s signature on an instrument.

Consideration Requirement

A legal principle that an agreement must involve a bargain or exchange of value between the parties to be enforceable.

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be raised by prior parties.

Shelter Principle

A legal concept that allows a person who receives goods in good faith without knowledge of a defect in the title to sell them with a clear title.