George wants to challenge himself and feels entrepreneurism is his next challenge. George has ______.
a. a low tolerance for risk
b. a growth mindset
c. a fearful mindset
d. a left-brain mindset
b. a growth mindset
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At the beginning of the year, Swift, Inc.'s Work-in-Process Inventory account had a balance of $124,000. During the year, $250,000 of direct materials were used in production, and $72,000 of direct labor costs were incurred. Manufacturing overhead amounted to $832,000. The cost of goods manufactured was $676,000. What is the balance in the Work-in-Process Inventory account on December 31?
A) $1,154,000 B) $1,352,000 C) $676,000 D) $602,000
Some unions, especially in the construction industry, have tried a tactic called _______________________________, in which paid union organizers try to get hired as regular employees for the purpose of organizing the workers.
Fill in the blank(s) with the appropriate word(s).
Michael and Scarlett cannot agree on the price he will pay her to manage his hotels in the third year of their contract. They agree to a provision stating that the price will be "reasonable.". This provision is ¬________________. Parties should never include such a provision in a contract unless ¬¬_____________________
a. ambiguous/ they are sure they will be able to reach an agreement later. b. vague/ they are sure they will be able to reach an agreement later. c. ambiguous/ they would not mind if the other side's interpretation prevails in litigation d. vague/they would not mind if the other side's interpretation prevails in litigation
A quality management system represents a specific implementation of quality concepts, standards, methods, and tools, and is unique to an organization
a. True b. False Indicate whether the statement is true or false