In a newspaper ad, Ryerson offered a $100 reward for the return of her diamond bracelet. Early found the bracelet, read the ad, returned the bracelet to Ryerson, and claimed the reward. Does a contract exist between Ryerson and Early? Explain
Yes. An offer to pay a reward may be accepted by anyone who knows about the reward. Since all the other essential elements of a contract exist, Ryerson is obligated to pay Early the $100.
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When developing a recommendation for action that might be construed negatively by stakeholders, what technique should be incorporated in the communication?
A) Practical and useful information only B) Factual information that supports the opinion C) Conciseness to save people's time D) Clearly identified concepts E) Persuasive techniques
If the applied overhead is more than actual overhead, which of the following is part of the entry?
a. A credit to the Overhead account b. A debit to the Overhead account c. A debit to the Cost of Goods Sold account d. A debit to the Work in Process Inventory account
Which motivation theory suggests that people will be motivated when they expect that their efforts will result in desirable outcomes?
a. Equity theory b. Expectancy theory c. Goal setting theory d. Reinforcement theory
Describe the requirements and provisions of the Family and Medical Leave Act.
What will be an ideal response?