Under the doctrine of ________, the master is responsible for the servants' acts that are within the scope of their employment

A) caveat emptor
B) respondeat superior
C) res ipsa loquitur
D) post hoc ergo propter hoc


B

Business

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__________is the lowest hourly rate of pay generally permissible by federal law.

A. Rate range B. Wage compression C. Pay structure D. Compensation E. Minimum wage

Business

The asset turnover ratio measures the amount of net sales generated for each average dollar of total assets invested

Indicate whether the statement is true or false

Business

Unrealized capital gains or losses will have no effect on a mutual fund's net asset value

Indicate whether the statement is true or false.

Business

When the materials price variance is recorded at the time of purchase, raw materials are recorded as inventory at standard cost.

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

Business