Which of the following statements about the elements of negligence is (are) true? I. The negligence of the tortfeasor may arise from a failure to act. II. The damage that results must be in the form of property damage
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Discuss the characteristics of an organization for which a true cost management system would be appropriate
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the backorder costs amount to $3 for each widget that is on backorder, then what are the total backorder costs?
a. $3
b. $22
c. $0
d. $68
Yves negotiates an instrument to Zachary. Negotiation is the transfer of an instrument
A. for valuable consideration under a contract. B. in a form and by a means that makes the transferee a holder. C. pursuant to preliminary contract discussions. D. without the payment of a recognized medium of exchange.
What assumptions are made when using break-even analysis?
What will be an ideal response?