What can happen when one or both parties do not think they got the best agreement possible, or who believe that they lost something in the deal?
What will be an ideal response?
The negotiator who feels cheated may try to get out of the agreement later or find other ways to recoup their losses.
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The entry to close the Dividends account is debit
a. Income Summary and credit Dividends. b. Retained Earnings and credit Dividends. c. Dividends and credit Income Summary. d. Dividends and credit Retained Earnings.
A cell phone's GPS is accurate to within five feet of the actual location of the phone.
Answer the following statement true (T) or false (F)
Regarding the annual outflows of foreign direct investment, which of the following is not true?
A. The proportion of worldwide outward FDI that came from developing nations increased from under 5 percent in 1990 to over 32 percent in 2013. B. The overall volume of outward FDI from developing nations in 2013 was nine times the level in 2003. C. The United States was the leading single national source of FDI outflows through most of the period from 1990 to 2013, with an average of nearly one-quarter of total FDI outflows for 2010-2013. D. U.S. FDI outflows of $338 billion in 2013 were more than the combined outflows of the next three largest sources of FDI: Japan, China, and Saudi Arabia. E. The United States and the EU combined have continued to account for one-third to one-half of worldwide FDI in recent years.
The following data is given for the Taylor Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours
worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The direct material price variance is: A) 600F B) 600U C) 80F D) 80U