Due to a recession, Acme Global has a labor surplus. It wants to find a way to reduce the surplus while both being fair to employees and being ready to respond to increased demand when the recession is over. Its best method for dealing with its surplus would be ______.
A. job sharing
B. early retirement
C. hiring freezes
D. natural attrition
A. job sharing
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All companies use the same standard set of accounts
Indicate whether the statement is true or false
Which of the following is an example of an accrued expense?
A) Salary owed but not yet paid B) Fees received but not yet earned C) Supplies on hand D) A two-year premium paid on a fire insurance policy
Promotion consists of ________.
A. devices such as discount coupons and giveaways B. advertising C. publicity D. All of these.
Jennifer has offered to sell her laptop computer for $500 to Jack. She tells Jack that the computer is only six months old but, in fact, it is three years old, and Jennifer wants to unload the lemon. Jack agrees to buy the computer based on Jennifer's representations. This contract is
A. a void agreement because of the fraud involved. B. a voidable contract, one that Jack can void. C. a voidable contract, because it is unilateral. D. a void contract because of the UCC.