What is the justification for the courts restricting the scope of the duty of care in some
instances of claims against professionals for damages for negligence?
A) The need to protect professionals from the consequences of their negligent actions
B) The need to ensure that professionals can obtain and maintain adequate insurance coverage
C) The need to ensure that the justice system functions effectively
D) The need to avoid potentially liability on the part of the professional to an unlimited number of persons
E) All of the above
D
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Joe's Pizza Parlor is a late-night pizza and sandwich shop located on a college campus. Joe recently conducted a SWOT analysis. Compare each of the following to determine which one is a weakness for Joe's Pizza Parlor.
A. A graduate of the college, Joe is well liked in the community. B. Joe is concerned that the weak economy will lead to fewer students dining out. C. Joe finds it hard to staff the late night shifts, which are his busiest times. D. Joe is worried about the push for healthier eating. E. A new pizza shop has opened up down the street.
A disadvantage of work sampling is that:
A) it tends to be less accurate, particularly when task times are short. B) it observes several workers simultaneously. C) it is more expensive than time-study methods. D) it is more intrusive than time-study methods, and therefore generates more complaints. E) All of the above are disadvantages of work sampling.
Altima, Inc finished Job A40 on the last working day of the year
It utilized $370 of direct materials and $3,420 of direct labor. Altima uses a predetermined overhead allocation rate based on a percentage of direct labor costs, which has been fixed at 40%. The entry to record the completion of the job should involve a ________. A) debit to Finished Goods Inventory $5,158 and a credit to Materials Inventory $5,158 B) debit to Cost of Goods Sold $5,158 and a credit to Finished Goods Inventory $5,158 C) debit to Finished Goods Inventory $5,158 and a credit to Work-in-Process Inventory $5,158 D) debit to Work-in-Process Inventory $5,158 and a credit to Finished Goods Inventory $5,158
Under the first-in, first-out (FIFO) method, the current period equivalent units of production for transferred in units in beginning inventory are zero because ________
A) these units are transferred back to the previous department for further processing in the current period B) these units are expected to be sold by the receiving department without subjecting them to further processing C) no additional costs for these units were transferred in the current period D) costs involved in inter-departmental transfers are accounted for only once when sales are made to customers