Melody's car was damaged when another driver ran a stop sign and hit her car. Melody decided to collect from her own insurer and to let her insurer recoup the loss payment from the negligent driver who hit her
What fundamental legal principle is illustrated in this scenario?
A) the principle of utmost good faith
B) the principle of insurable interest
C) the principle of subrogation
D) the principle of reasonable expectations
Answer: C
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Answer the following statements true (T) or false (F)
1. The information from a cost accounting system allows managers to make decisions about planning and directing, but not about controlling. 2. Cost accounting systems are primarily concerned with accumulating product cost information. 3. When direct materials are received on the production floor, they are recorded on the job cost record. 4. When raw materials are requisitioned for a job, the Raw Materials Inventory account is debited. 5. Manufacturing Overhead is a temporary account used to accumulate indirect production costs during the accounting period.
Every Friday, Acme Global sends out a companywide e-mail with a listing of all the jobs available across the organization. This recruitment method is known as ______.
A. open recruitment B. mass recruitment C. targeted recruitment D. closed recruitment
Which of the following would be a correct factor to explain the sales volume variance for sales? revenue?
A) limited future growth potential B) rapid increase in market share C) capturing first-mover advantages D) increase in sales volume E) higher pioneering costs
When investing in automated systems, which of the following intangible or indirect benefits may be important?
A) improved customer satisfaction B) improved market share C) reduced support labor cost D) reduced lead time E) all of these may be important