Ratification Does Need to Be Express; It May Be Implied

question 54

True/False

Ratification does need to be express; it may be implied from the minor's conduct.

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Definitions:

Casting Department

The Casting Department in a manufacturing setting is where raw materials are poured into molds to form parts or products through the casting process.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products based on a certain activity.

Machine-Hours

A measure of production output or activity, where one machine-hour equals one hour of operation of a machine.

Assembly Department

An area in a manufacturing plant where parts are put together to form the end products.