If one party to a contract deliberately makes a material change in its terms without permission of the other party, the contract is discharged by impossibility
Indicate whether the statement is true or false
F
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One way to create and communicate clear expectations about what is and is not acceptable in an organization is:
a. having separate, nonintegrated personnel and operating policies. b. creating an expectation of punishment. c. following a reactive management style. d. to have a clearly defined code of conduct in place.
Harrison Inc has computed direct labor standards for the manufacture of its product to be 4 hours of labor per product at a cost of $15 per hour. During March, Harrison produced 45 products in 190 hours and incurred direct labor costs of $2,720. Harrison's direct labor efficiency variance was
A) $150 (F). B) $130 (U). C) $150 (U). D) $130 (F).
Mrs. Barker has a poodle that she loves very much. The poor little dog is killed in a house fire, and Mrs. Barker asks her homeowners insurance company to pay $100,000 for the loss of the dog. The insurer denies the claim
On what grounds would it be able to do this? A) Too much moral hazard potential exists with the loss of pets. B) It's impossible to measure, economically, the value of a beloved pet. C) Animals are never insurable items. D) The insurer could not legally deny the claim.
In a case of intentional interference with contractual relations the claim is:
a. the injured business's contractual relations were wrongfully interfered with by another party b. the injured business's contractual relations were rightfully interfered with by another party c. the injured business's contractual relations were illegal d. the injured business's contractual relations were hindered by international regulations e. none of the other choices are correct