When a party to a contract notifies the other party that it will not perform the contract as agreed, this conduct is referred to as

a. specific performance.
b. cover.
c. repudiation.
d. assurance.


c

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The bill of materials specifies the types and quantities of the raw materials and subassemblies used in producing a single unit of finished product

Indicate whether the statement is true or false

Business

On October 31, Augustas Co. received cash dividends of $0.15 per share from its investment in Lamb Corp.'s common stock. Augustas owned 1,200 shares of Lamb Corp.'s stock on October 31 and the investment is considered a stock investment with insignificant influence. Prepare the investor's journal entry to record the receipt of the cash dividends.

What will be an ideal response?

Business

Answer the following statement(s) true (T) or false (F)

1. The Universal Declaration of Human Rights is part of the International Bill of Human Rights 2. In democratic countries, the laws represent a value system shared by the people. 3. Article 2, of The Universal Declaration of Human Rights sets out the basic principle of equality and nondiscrimination with respect to human rights and fundamental freedoms, forbids “distinction of any kind, such as race, color, sex, language, religion, political or other opinion, national or social origin, property, birth or other status.” 4. The International Covenant on Economic, Social, and Cultural Rights, which includes the employment-related nondiscrimination articles, entered into force on January 3, 1976 are legally binding on all states regardless of whether the state has accepted them by ratification or accession. 5. Much more common in international legislation is protection based on sexual orientation.

Business

Reward and incentive systems serve as a(n)

A. indirect motivational tool designed to convert employee commitment into high-powered incentives. B. direct stimulus for satisfying the basic expectations of the standard job and mechanisms. C. negative motivational element. D. indirect type of control mechanism that conserves on more costly control mechanisms of supervisory oversight. E. direct base-pay financial compensation mechanism that competes with rival companies' salary bands for similar work efforts.

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