Which of the following is a job specification?
A. Educational background and knowledge
B. Days and hours of work
C. Working conditions, including psychological conditions
D. Machines and tools used
Answer: A
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As a general rule, if an applicant suffers a loss after applying but before the insurer formally accepts the application, the:
A. insurer must cover the loss only if there is no binder. B. applicant must bear the loss. C. applicant and the insured must bear the loss equally. D. insurer must cover the loss.
A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 18,000 kg and the cost per kg is $8. What is the budgeted materials purchases cost for the first quarter?
A. $720,000. B. $576,000. C. $729,600. D. $672,000. E. $864,000.
An employer can pay less than the minimum wage to take into account the reasonable cost of
meals and lodging supplied to employees. Indicate whether the statement is true or false
Refer to the information above. What are the total annual holding costs?
A) $500 B) $1000 C) $20 D) $750 E) $250