If a Cost Object Such as a Product or Customer

question 6

Multiple Choice

If a cost object such as a product or customer has a positive green margin,then:

• A)its yellow margin will be positive.
• B)its yellow margin may be either positive,negative,or zero.
• C)its yellow margin will be negative.
• D)its yellow margin will be zero.

---

Definitions:

RUPA

The Revised Uniform Partnership Act, which is a set of laws intended to govern the operations of partnerships in the United States.

Wrongfully Dissociated

Incorrectly separating from a partnership or organization in violation of the terms or conditions of agreement.

Winding Up

The process of closing down a company by settling its debts and distributing any remaining assets to the shareholders.

Implied Authority

Authority of an agent that is not explicitly stated but rather inferred from the conduct or the nature of the relationship between the agent and the principal.