Which of the five Cs of credit would your actual home be in relation to your mortgage?
A) Character
B) Capacity
C) Collateral
D) Capital
E) Conditions
Answer: C
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If a company uses a process costing system to account for the costs in its four production departments, how many Work-in-Process will it use?
A) 3 B) 4 C) 1 D) 2
The part of the labor-management negotiation process that focuses on dividing a fixed economic "pie" is known as
A. attitudinal structuring. B. integrative bargaining. C. collective bargaining. D. distributive bargaining. E. intraorganizational bargaining.
Megan was employed by a large company. Her supervisor told her to falsify government reports. She refused and was fired. She sued for wrongful discharge. Her employer claimed that, since Megan was an at-will employee, she had no legal right to claim the company was liable for damages. Is the employer right?
A)Yes. An at-will employee does not have a legal right to claim wrongful discharge of employment. B)Yes. As an employee, Megan owes a duty of loyalty to her employer. If the company was found to have acted illegally by falsifying the reports, it (not Megan) would be liable. C)No. Even though Megan was an at-will employee, such employees may not be fired without just cause. D)No. Though at-will employees do not have extensive rights relative to job security, they may not be legally fired for refusing to perform an illegal act.
What are some of the disadvantages of partnerships? Are the disadvantages enough to dissuade you from forming this type of business ownership?
What will be an ideal response?