Discretionary fixed costs often involve a long-term contract

Indicate whether the statement is true or false


False

Business

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A partnership liquidation occurs when

a. a new partner is admitted b. a partner dies c. the ownership interest of one partner is sold to a new partner d. the assets are sold, liabilities paid, and business operations terminated

Business

There is only one best way to manage people, teams, or organizations. A particular management practice that worked today will work tomorrow. This is called the contingency approach.

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

Business

On December 10, Vandalia Co split its stock 5-for-2 when the market value was $49 per share. Prior to the split, Vandalia had 250,000 shares of $15 par value stock. After the split, Vandalia's outstanding shares would be

a. 250,000 b. 225,000 c. 375,000 d. 625,000

Business

The ______ is the lowest hourly rate of pay generally permissible by federal law.

A. pay rate B. minimum wage C. wage compression D. overtime

Business