Under what conditions can one or more members of a class sue or be sued as representative of a class? What type of lawsuit can their claims be consolidated into?
What will be an ideal response?
Lawsuits can have more than one plaintiff and/or defendant. Sometimes, when a defendant's actions have injured many plaintiffs, their claims may be consolidated into a class action lawsuit. One or more members of a class may sue or be sued as representative of a class if (1) the class is so numerous that joinder of all members is impracticable, (2) there are questions of law or fact common to the class, (3) the claims or defenses of the representative parties are typical of the claims or defenses of the class, and (4) the representative parties will fairly and adequately protect the interests of the class.
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Answer the following statements true (T) or false (F)
1. The process capability index is inversely related to customer expectations. 2. Operating at the 3? quality level can be too risky for the health-care industry. 3. Termination of employees who produce a single defect is related to quality improvement. 4. Pareto analysis is an important tool for robust product design.
A company purchased mining property for $4,875,000 containing an estimated 15,000,000 tons of ore. In Year 1, it mined 689,000 tons of ore and in Year 2, it mined 935,000 tons. Calculate the depletion expense for Year 1 and Year 2 and determine the book value of the property at the end of Year 2.$4,875,000/15,000,000 tons = $0.325 per tonYear 1: 689,000 tons * $0.325 per ton = $223,925Year 2: 935,000 tons * $0.325 per ton = $303,875
What will be an ideal response?
Answer the following statements true (T) or false (F)
SFAS No. 106 requires a liability be recognized related to OPEB only if a legal obligation exists.
The just-in-time philosophy applies only to the production floor of a manufacturing company
Indicate whether the statement is true or false.