Purchase discounts are calculated on the amount of the merchandise purchased including freight costs
Indicate whether the statement is true or false
FALSE
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Which of the following is the term for testimony taken before the trial begins?
a. subpoena b. motion c. deposition d. settlement
Flexibility of practice when applied to managerial accounting means that:
A. Managerial accountants must be on call twenty-four hours a day. B. The information must be presented in electronic format so that it is easily changed. C. Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for. D. Managers must be flexible with information provided in varying forms and using inconsistent measures. E. Managerial accounting systems differ across companies depending on the nature of the business and the arrangement of its internal operations.
RioFit was cited for a violation that did not have a direct relationship to job safety. However, the violation was considered to be likely to cause death or serious harm. This would be classified as an other than serious violation.
Answer the following statement true (T) or false (F)
Clauses in labor agreements that provide for quarterly cost-of-living adjustments in wages, basing the adjustments on changes in the consumer price index are known as
A. maintenance clauses. B. escalator clauses. C. roll-up clauses. D. guarantee clauses.