A purpose of discovery is to allow parties to develop arguments for courtroom use that the other side will not have thought about
a. True
b. False
Indicate whether the statement is true or false
False
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If a company purchases $3,000 worth of inventory with terms of 1/15, n30 and pays within 15 days, then the amount paid to the seller would be
a. $2,550 b. $2,970 c. $3,000 d. $3,030
Negotiators should agree to the criteria for evaluating potential integrative solutions early in the negotiation process.
Answer the following statement true (T) or false (F)
Why do accountants normally calculate cost per unit as an average?
A. Some manufacturing-related costs cannot be accurately traced to specific units of product. B. Determining the exact cost of a product is virtually impossible. C. Even when producing multiple units of the same product, normal variations occur in the amount of materials and labor used. D. All of these are justifications for computing average unit costs.
Tina is the president of Bank X which holds a mortgage on a company found liable for illegal disposal of hazardous waste. The company has stopped paying on its loan to Bank X. Tina would like to foreclose, but she does not want the bank to become liable under CERCLA as an owner. What should she do?
a. Tina should do nothing because foreclosure would automatically result in the bank becoming liable under CERCLA for clean-up costs. b. Tina should go ahead and foreclose because so long as the bank did not participate in the management of the facility prior to foreclosure, the bank will not be considered liable under CERCLA for clean-up costs. c. Tina should immediately arrange for the bank to become involved in managing the facility because so long as the bank participated in the management of the facility prior to foreclosure, the bank will not be considered liable under CERCLA for clean-up costs. d. Tina might as well go ahead and foreclose because as a mortgage holder, the bank is already automatically liable under CERCLA for clean-up costs.