Which of the following is true with regard to a mini-trial?
a. A mini-trial is a mock trial in which the parties present their case to a jury.
b. A mini-trial is identical to med-arb.
c. A mini-trial is a process in which a third party is selected by the disputants to resolve the dispute.
d. A mini-trial is a structured settlement process that combines elements of negotiation, mediation, and trials.
d
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Use the five transactions for Hennigan Company described below to answer the question(s) that follow(s). Dec 1 Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days. 8 Hennigan accepts advance deposits for tool Company of $75. 15 Hennigan receives a bill from Farmer's Electric Company for $150 . Payment is due in 30
days. 20 Customers are charged $750 by Hennigan for tool Company. Payment is due from the customers in 30 days. 31 Hennigan receives $500 in payments from the customers that were billed for Company on December 20. Refer to the transactions for Hennigan Rentals. Based on the above transactions, how much is still owed to Hennigan on December 31 from its customers? a. $ -0- b. $ 250 c. $ 500 d. $ 750
Type I subsequent events indicate conditions that did not exist at the balance sheet date, but that may require disclosure
a. True b. False Indicate whether the statement is true or false
Activity analysis is one of the first stages in implementing activity-based cost management (ABCM). Which of the following steps in activity analysis is usually performed first?
A. Continuously improve the efficiency of all value-added activities and develop plans to eliminate or reduce nonvalue-added ones. B. Classify all activities as value-added or nonvalue-added. C. Chart, from start to finish, the activities used to complete the product or service. D. Identify the process objectives that are defined by what the customer wants or expects from the process.
The duty of care for managers and members includes the duty not to usurp the LLC's (limited liability company's) opportunities
Indicate whether the statement is true or false