If their contract contains no binding arbitration clause, the parties may secure arbitration by entering into a ________ agreement

A) remission
B) subrogation
C) submission
D) protestation


C

Business

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Since petty cash is concerned with such small amounts of cash, it is not necessary to document all transactions with a petty cash receipt.

Answer the following statement true (T) or false (F)

Business

During the year, Hawkings produced 10,000 units, used 20,000 direct labor hours, and incurred variable overhead of $90,000. Budgeted variable overhead for the year was $88,000. The hours allowed per unit are 2.1. The standard variable overhead rate is $4.00 per direct labor hour. The variable overhead spending variance is:

A) $2,000 F. B) $6,000 U. C) $10,000 U. D) $2,000 U. E) none of these.

Business

A job order production system would be appropriate for a company that produces which one of the following items?

A. Small gardening tools, including rakes, shovels, and hoes. B. Sacks of yard fertilizer. C. Seedlings for sale in a nursery. D. Packets of flower seeds. E. A landscaping design for a new hospital.

Business

Managers from cultures with a ______ orientation, such as the United States, might be prone to identify a situation as a problem to be solved.

A. doing B. being C. restricted D. satisficed

Business