A contract breach allows the non-breaching party to sue for damages.
Indicate whether the statement is true or false.
Answer: True
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The strength of the compromising conflict-handling style is ______.
A. It should provide a mutually benefits (win–win) solution and result in the conflict being resolved for the long term. B. It might be the best approach if the person is not sure they are right about a preferred course of action or it is politically best because the matter is so important to the other party. C. It is quick and relatively easy. D. Everyone gets something in a compromise.
Name the seven major elements of the marketing manager's role in managing promotion.
What will be an ideal response?
________ curve expresses the relationship between years since last degree, performance, and salary.
A. A tenure B. The marginal productivity C. The Phillips D. A maturity
Lotz Corporation has two manufacturing departments-Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingFinishingTotalEstimated total machine-hours (MHs) 2,000 8,000 10,000Estimated total fixed manufacturing overhead cost$10,200$19,200$29,400Estimated variable manufacturing overhead cost per MH$1.20$2.20 During the most recent month, the company started and completed two jobs-Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job FJob KDirect materials$14,400$7,100Direct labor cost$22,500$6,600Casting machine-hours 1,400 600Finishing machine-hours 3,200 4,800Assume that the company uses departmental predetermined overhead rates with machine-hours as
the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job F is closest to: (Round your intermediate calculations to 2 decimal places.) A. $30,220 B. $96,100 C. $90,660 D. $60,440