If a union obtains signed authorization cards from more than 50 percent of an appropriate employee unit, it may ask the employer to recognize the union on the basis of this showing of majority support alone

Indicate whether the statement is true or false


TRUE

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A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 5 years or15,000 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for thesecond full year, during which the machine was used 5,000 hours?

a. $5,000 b. $21,000 c. $35,000 d. $45,000

Business

A marketing manager using the database called PRIZM is interested in ________ segmentation.

A. educational B. geodemographic C. occupational D. geographic E. psychographic

Business

Gump Shrimp Company On January 1, 2011, Gump Shrimp Company purchased a ship for $1,000,000. It has a ten-year useful life and a salvage value of $100,000. The company uses the double-declining-balance method. Refer to the information provided for Gump Shrimp Company. What was the book value of the ship at the end of the third year?

A) $128,000 B) $512,000 C) $200,000 D) Need more information to determine this answer.

Business

A clause in an agreement states: "There are no representations or warranties except as expressed herein in writing." What is the name for the type of clause?

A) Disclaimer B) Exemption clause C) Venue clause D) Entire agreement clause E) Choice of law clause

Business