An otherwise vague contract may be clarified by references in the contract to other documents or agreements

Indicate whether the statement is true or false


True

Business

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In Goodrich Corp. v. Town of Middlebury, there were two public landfills that were designated as Superfund sites. The principally responsible parties formed a coalition to sue several municipalities for assistance in cleanup costs. During the litigation, a special master was appointed to determine which parties contributed waste and how much each contributed. When the case went to trial, the district court chose not to follow the determinations of the special master; instead, the court itself determined the liability of the municipalities. The decision was appealed. The appellate court determined that disregarding the special master's determination of liability was

A. not permissible because the district court was legally bound by the Superfund to accept the liability findings of the special master. B. not permissible because there was no error of law in the determination of liability. C. permissible because the special master should not have been appointed. D. permissible for the district court because it was within its rights to determine that the municipalities were more liable than the special master had determined.

Business

Transfer prices are used for internal decisions and performance evaluation purposes and are not made known to the outside world

Indicate whether the statement is true or false

Business

Lauren manages teaching employees everything from basic job skills to what they need to know to move up in the organization. Lauren’s human resource management specialty is __________.

A. training and development B. employee relations C. staffing D. labor and industrial relations E. EEO and diversity management

Business

A budget that is established at the beginning of the period and not adjusted for different levels of actual sales activity is called a:

A) nonfinancial budget. B) flexible budget. C) static budget. D) zero-based budget.

Business