The authority to enact ordinances lies solely with the state legislatures.
Answer the following statement true (T) or false (F)
False
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The purchasing manager was able to bring down the cost of direct materials by purchasing direct materials of a slightly lower grade quality than the company had used previously. The lower grade of direct materials, however, meant a higher defect rate on the assembly line and a higher waste of direct materials during production, which in turn lowered operating income. This situation would lead to a(n) ________.
A) favorable direct materials cost variance B) unfavorable direct labor cost variance C) favorable direct labor efficiency variance D) favorable direct materials efficiency variance
Which of the following steps in the negotiation process is the execution of a contract?
A. building the relationship B. implementation C. bidding D. gathering information
Which of the following is the most appropriate term to use when describing management's duty to its shareholders??
A)?Official duty B)?Legal duty C)?Fiduciary duty D)?Statutory duty
Ben was hospitalized for back problems. While he was away from the job, he collected his regular salary from an employer-sponsored income protection insurance policy. Ben’s employer-sponsored hospitalization insurance policy also paid for 90% of his medical expenses. Ben also collected on an income protection policy that he had purchased. Which of these sources of income is/are taxable? Explain the basis for excluding any item or items.
What will be an ideal response?