Exchanging favors is a part of office politics.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is
a. a distribution agreement. b. a joint venture. c. direct exporting. d. licensing.
A contract that is pre-prepared and offered to persons on a "sign-it-or-don't" basis is commonly known as a(n)
a. usurious contract. b. illegal restraint of trade. c. exculpatory clause. d. adhesion contract.
Stoke Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 20,000 15,000Direct labor-hours 2,000 7,000Total fixed manufacturing overhead cost$138,000$58,100Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $3.00During the current month the company started and finished Job A460. The following data were recorded for
this job:Job A460:FormingAssemblyMachine-hours 80 10Direct labor-hours 30 50The amount of overhead applied in the Forming Department to Job A460 is closest to: (Round your intermediate calculations to 2 decimal places.) A. $184.00 B. $184,000.00 C. $664.00 D. $736.00
The level of formality of a project is often referred to as _______
Fill in the blank(s) with correct word