Restrictions on imports may include prohibitions

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

HR self-service systems can reduce HR and payroll-related operational costs up to 85%

Indicate whether the statement is true or false

Business

Delicious Food Products is famous for its trail mix. The main ingredient of the trail mix is dried fruit, which Delicious purchases by the pound. In addition, the production requires a certain amount of direct labor. Delicious uses a standard cost system, and at the end of the first quarter, there was an unfavorable direct materials efficiency variance. Which of the following is a logical explanation for that variance?

A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements wasted a large amount of dried fruits during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that production required fewer direct labor hours.

Business

Family Time Restaurant has a contract with Prime Meats for Prime to deliver 100 pounds of ground sirloin twice a week for the next three months. If, on one delivery, Prime brings 95 pounds of ground chuck instead of 100 pounds of ground sirloin:

a. Family Time may unquestionably reject the non-conforming goods because they vary in both quantity and quality. b. Family Time may reject the non-conforming installment only if it substantially impairs the value of that installment and cannot be cured. c. Prime has no right to cure. d. the perfect tender rule applies.

Business

A _____ sample is any sample in which little or no attempt is made to obtain a representative cross section of the population.

A. frame B. random C. probability D. nonprobability E. representational

Business