The UCC's requirement that contracting parties perform and enforce their deals honestly is termed
a. conformance.
b. acceptance.
c. good faith.
d. reasonable action.
c
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When company management decides that it is unwilling to follow the "conventional wisdom" and instead finds a new way to gain competitive advantage, it might be said to be:
A) searching for loose bricks. B) changing the rules of engagement. C) collaborating. D) building layers of advantage. E) innovating.
The performance measurement system should encourage each manager to act in a manner that
a. makes the manager's units profits as high as possible. b. most positively supports the organization's mission and competitive strategies. c. increases his/her performance reward in the form of profit sharing. d. reduces the need for informational elements in support of the manager's planning function.
How would you choose an effective and appropriate quotation to use as an attention getter for a presentation?
What will be an ideal response?
Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,360 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for June:Data used in budgeting: Fixed Element per MonthVariable element per client-visitRevenue - $33.70 Personnel expenses$27,300 $10.70Medical supplies 1,200 5.50Occupancy expenses 9,000 1.50Administrative expenses 4,100 0.30Total expenses$41,600 $18.00?Actual results for January: ?Revenue$112,062 Personnel expenses$64,602?Medical supplies$19,900?Occupancy expenses$13,640?Administrative expenses$5,068???The net operating income in the flexible budget
for June would be closest to: A. $11,152 B. $8,748 C. $8,957 D. $11,780