Lucky, a contractor, enters into a contract with Penny, a homeowner, to remodel her kitchen. The contract provides a specific completion date. The contract provides that if Lucky does not have the job finished by the date, Penny may deduct $100 per day from the contract price until the job is finished. This is an example of liquidated damages.
a. true
b. false
a. true
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Cliessa was suspended from work for two weeks without pay for smoking a cigarette in the bathroom. This was her first infraction on the company’s new no smoking on-site policy. The discipline of Cliessa appears to violate the __________ rule for effective discipline.
A. discipline in private B. be sure that the punishment fits the crime C. follow the standing plans yourself D. take consistent, impartial action when the rules are broken E. clearly communicate the standards and code of conduct to all employees
What is a separate and fully equipped facility where the company can move immediately after a disaster and resume business?
A. Cold site. B. Hot site. C. Disaster recovery cost curve chart. D. Disaster recovery plan.
The basic unit of sale for posters is 100 gross rating points daily. One rating point equals
A. each ad exposure per day. B. each individual in the market. C. 1 percent of a particular market's population. D. each household in the market. E. one market sample per billboard.
On July 1 of the current calendar year, Plum Co. paid $9300 cash for management services to be performed over a two-year period beginning July 1. Plum follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Plum would include:
A. A debit to a prepaid expense and a credit to an expense for $2325. B. A debit to an expense and a credit to a prepaid expense for $2325. C. A debit to an expense and a credit to a prepaid expense for $6975. D. A credit to a liability and a debit to a prepaid expense for $2325. E. A debit to a prepaid expense and a credit to Cash for $6975.