The firm for which you have worked for 6 years has filed for Chapter 11 bankruptcy. What this means to you is:
a. you will receive your wages going forward without fail, as you are now a secured creditor
b. you are likely to receive your wages going forward, as they have a high priority in bankruptcy cases like this one
c. your union contract as to wages and benefits is null and void
d. all of these
B
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Which of the following statements regarding earnings per share (EPS) is incorrect?
A) EPS for income from continuing operations must be reported on the face of the income statement. B) EPS is the most widely used of all business statistics. C) When computing EPS, preferred dividends are subtracted from net income because the preferred stockholders have the first claim to dividends. D) EPS reports the amount of income (loss) for each share of the company's issued common stock.
Piece rate pay
a. is a suitable pay plan for workers engaged in repetitive and complex tasks. b. involves a salary plus pay for each unit produced or carried out. c. encourages quality output. d. does not encourage workers to look at the company's well being.
To develop a strategy for reaching corporate objectives, management must first try to
A. research the market. B. develop scenarios. C. select a viable market segment. D. define the firm's mission. E. quantify them.
Which article in the U.S. Constitution contains the Necessary and Proper Clause, which provides that Congress may enact all laws necessary and proper to carry out Congress's other enumerated powers?
a. Article I b. Article II c. Article III d. Article IV