Taste of the Town, Inc. operates a gourmet sandwich shop. The company orders bread, cold cuts, and produce several times a week. If the cost of these items remains constant per customer served, the cost is said to be:
A. Variable
B. Opportunity
C. Fixed
D. Mixed
Answer: A
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Which of the following statements is true of the Employee Polygraph Protection Act?
A. If the state law regarding the use of lie detector tests is stricter than the federal law, it is preempted. B. The act allows manufacturers and distributors of controlled substances wider use of mechanical lie detector tests. C. It permits the employer to use lie detector tests on employees only when the employer is engaged in an investigation of theft. D. The act permits private employers to use mechanical lie detector tests for the purpose of screening applicants.
The information system of Company ABC is deemed to be 90% reliable. A major threat has been identified with an exposure of $5,000,000. Two control procedures exist to deal with the threat. Implementation of control A would cost $140,000 and reduce the risk to 4%. Implementation of control B would cost $100,000 and reduce the risk to 6%. Implementation of both controls would cost $220,000 and reduce the risk to 2%. Given the data and based solely on an economic analysis of costs and benefits, which control procedure should you choose?
What will be an ideal response?
Countries undergoing marketization that all had been called transition economies in the late 1980s and 1990s have diverged from one another quite substantially but all contain some vestiges of ______.
A. state socialism B. capitalism C. economic transition D. marketization
A person who disaffirms a contract based on intoxication is not legally obligated to return the consideration he or she received under the contract to the other party.
Answer the following statement true (T) or false (F)