The Consumer Product Safety Commission:
A. can file suit in federal court against manufacturers of imminently hazardous consumer products in an effort to eliminate the danger posed by such products.
B. provides the consumer with important credit information involving leases of consumer goods for more than four months.
C. was established by the Consumer Leasing Act.
D. is not entitled to issue product safety standards when the product in question presents an unreasonable risk of injury.
Answer: A
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Writ of certiorari (cert.) may be granted when:
A. a person does not want to appeal to the Supreme Court. B. the Supreme Court has too many cases to be heard and has no time to take up a new case. C. there have been conflicting decisions in similar cases by different courts of appeal. D. a case has the validity of a federal statute in agreement.
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.
Which of the following wholesaler's channel functions is exemplified by buying in carload lots and then dividing these lots into small quantities?
A) warehousing B) transportation C) risk bearing D) bulk breaking E) selling and promoting
Human resource managers act as _______________________________ when they are concerned with creating process for negotiating and administering contracts that fit with the organization's needs.
Fill in the blank(s) with the appropriate word(s).