Select the false statement from the following.
A. A given cost can be driven by more than one cost driver.
B. The same cost may be assigned to more than one cost object.
C. Only direct costs are traced to cost objects.
D. General, selling, and administrative costs cannot be assigned to a cost object.
Answer: D
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Which link in the service profit chain emphasizes superior employee selection and training?
A) healthy service profits and growth B) satisfied and loyal customers C) greater service value D) satisfied and productive service employees E) internal service quality
In the case of Estate of Countryman v. Farmers Cooperative Association discussed in the text, the plaintiffs attempted to hold a member who owned 95% of an LLC personally liable as the LLC's manager, after propane gas delivered by the LLC exploded. How did the court rule?
a. That only the LLC could be held liable. b. That the manager was subject to personal liability along with the LLC regardless of whether it could be established that the manager participated in tortious conduct in performing his duties. c. That only the manager, not the LLC, could be held liable. d. The manager was not shielded from personal liability if he participated in tortious conduct while performing his duties.
What are some of the principles organizations can observe to improve their forecasting process?
What will be an ideal response?
The economic loss rule holds that in case of a breach of contract, only economic losses, not such things as mental distress, will be compensated
a. True b. False Indicate whether the statement is true or false