In a limited partnership, limited partners are inactive in managing the business
Indicate whether the statement is true or false
TRUE
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The following data relate to direct materials costs for November: Actual costs 4,700 pounds at $5.40 Standard costs 4,500 pounds at $6.00 What is the direct materials price variance?
A) $2,700 favorable B) $120 favorable C) $2,820 favorable D) $1,700 unfavorable
The price of a stock is $67 . A trader sells 5 put option contracts on the stock with a strike price of $70 when the option price is $4 . The options are exercised when the stock price is $69 . What is the trader's net profit or loss?
A. Loss of $1,500 B. Loss of $500 C. Gain of $1,500 D. Loss of $1,000
Staff turnover is usually not a problem for ERP projects
Indicate whether the statement is true or false
Which of the following is true of misrepresentation?
A. An intentional misrepresentation by an agent is not considered fraud or deceit. B. The principal is not liable for an agent's intentional misrepresentation. C. A third party cannot recover damages from the principal due to an agent's intentional misrepresentation. D. The principal is liable for an agent's innocent misrepresentation.