Many companies give employees handbooks that discuss company policy and procedures. Legally, handbooks:
a. have no legal status; they are merely advisory
b. can create binding contractual employment obligations
c. are legal documents that, under the NLRA, are a part of the employment contract
d. are documents that, at common law, have always been a part of the employment contract e. none of the other choices
b
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Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor
cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit .90 The cost per unit for the production of the company's product is: A) $13.15 B) $17.22 C) $15.40 D) $15.75
Answer the following statement(s) true (T) or false (F)
1. A management information system (MIS) is defined as a system of connected computers coordinated and controlled by a mainframe. 2. Most of the data in a database comes from internal sources such as company records. 3. Data processing involves storing a database in a form useful to managers on magnetic tapes, hard drives, or floppy disks. 4. Pie charts are used to plot data and best illustrate how information changes over time. 5. A database management system helps firms manage their data files by adding or deleting information.
When analyzing data, first look at each piece alone, then look at each in combination with other data, and finally synthesize all your findings
Indicate whether the statement is true or false
A company reports the following information regarding its inventory.Beginning inventory: cost is $80,000; retail is $130,000Net purchases: cost is $65,000; retail is $120,000Sales at retail: $145,000The year-end inventory shows $105,000 worth of merchandise available at retail prices. What is the cost of the ending inventory calculated using the retail inventory method?
A. $60,900. B. $135,000. C. $73,125. D. $105,000. E. $72,900.