Which of the following statements is FALSE? Cancellation charges
A) are legal so long as they are not a penalty
B) must be stated in the original contract
C) cannot exceed 15% of the total price of the contract
D) must be a fair pre-estimate of damages
E) are frequently used in the hotel industry
C
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In recessions, the dollar usually
A. appreciates. B. depreciates. C. remains unaffected. D. follows no consistent pattern.
As a rule of thumb, to do a process capability analysis, ______.
A. we should collect a minimum of 20 samples B. each sample in our data collection should have at least 500 items C. we should collect a maximum of 500 samples D. each sample in our data collection should be from a different population
Which of the following is TRUE of the communication styles developed by Rhonda Hilyer?
a. An individual with one dominant style cannot communicate effectively with someone who has a different style. b. An individual can exhibit two styles at most. c. Individuals can exhibit all the styles, but one or two styles tend to dominate. d. Individual styles of communication can be accurately tied to race or ethnicity.
The direct materials costs and direct labor costs incurred by a production department are referred to as conversion costs
Indicate whether the statement is true or false