Ginger attacks Richard and cuts him with a knife. He sues Ginger. The jury awards Richard $50,000 for medical expenses and lost time at work and adds $100,000 to the award because Ginger was so vicious. The $100,000 is called:
a. punitive damages
b. compensatory damages c. nominal damages
d. an equitable remedy
e. none of the other choices
a
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Which one of the following steps in the accounting cycle is completed only at the end of an accounting period?
a. Business transactions are recorded. b. Adjustments are recorded. c. Transactions are journalized. d. Journal entries are posted to the ledger.
The Warbler Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life" The company's Production Budget requires 353,500 units of Simple jeans and 196,000 Fancy jeans to be manufactured. It is estimated that 2.5 direct labor hours will be needed to manufacture one pair of Simple Life jeans and 3.75 hours of direct labor hours for
each pair of Fancy life jeans. What is the total number of direct labor hours needed for both lines of jeans? A) 883,750 direct labor hours B) 1,618,750 direct labor hours C) 735,000 direct labor hours D) 353,500 direct labor hours
The takt time of a process is defined as:
A) the cycle time needed to match the rate of production to the rate of consumption. B) the total time required to move an item through a process. C) the time required to change a machine to run a new model. D) the lead time necessary to notify maintenance that a problem has occurred in an operation.
?A firm's rating by a rating agency is based on:
A. ?the firm's ratio of debt to total assets. B. the dividends paid in the last year by the firm.? C. the earnings per share of the shareholders of subsidiary firms.? D. exchange rate fluctuations of the U.S Dollar and Euro.? E. ?no precise formula.