Which of the Following Characterizes Assignability

question 42

Multiple Choice

Which of the following characterizes assignability?

• A)An assignment is ineffective if it occurs in the present.
• B)Assignment is ineffective in the case of land rights.
• C)Assignment is ineffective when contrary to public policy.
• D)Assignment is mostly effective in the case of wage earners.

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Definitions:

Period Cost

An expense that is not directly tied to the production process but rather incurred over a specific time period.

High-low Method

A technique used in accounting and finance to estimate variable and fixed costs based on the highest and lowest levels of activity.

Total Fixed Costs

The sum of all costs that do not change with the level of production or sales, over a specified period of time.

Manufactures

Companies or individuals involved in the conversion of raw materials into finished goods, through the use of labor and machinery.