Andrew resigned from his position, but feels his organization owes him severance due to the conditions that caused him to resign. His company disagrees. Before a judge will hear their case, he instructs them to meet with a conciliator. Which of the following statements is true regarding the role of the conciliator?
A. The opinion offered by the conciliator will be legally binding.
B. The conciliator may offer an opinion, but it will not be legally binding.
C. The conciliator should not offer an opinion on the dispute.
D. The conciliator will require the parties to sign a legally binding document at the
conclusion of the meeting.
B. The conciliator may offer an opinion, but it will not be legally binding.
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Which of the following is false regarding the valuation of goodwill?
a. U.S. accounting standards require that goodwill be specifically identified with an operating segment or a reporting unit. b. By definition, acquired parts of the business (or goodwill) must be sufficiently identifiable so that they can be managed as a unit or may be separately identified and sold as a unit. c. Goodwill is tested for impairment quarterly. d. Goodwill is the excess of the purchase price over the fair market value of the acquired company's tangible assets, identifiable intangible assets, and liabilities.
Exclusive dealing may be legal if the parties show exclusivity is essential for strategic reasons, such as to maintain product image.
Answer the following statement true (T) or false (F)
The AP/CD process is closely linked to functions and processes inside and outside the organization.
Answer the following statement true (T) or false (F)
What is perhaps one of the most worthy goals of a business?
a. Making money over the long-haul b. Giving away products and services at a cheap price to make a quick buck c. Seeking profitability on the very first sale d. None of the above