It is impossible to form a business in a manner that allows for single taxation and limited liability
Indicate whether the statement is true or false
False
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The payroll supervisor usually reports directly to:
a. the treasurer b. the cashier c. the controller d. the VP Finance
What type of leadership is focused on routine, regimented activities?
A. Transformational leadership B. Charismatic leadership C. Strategic leadership D. Transactional leadership E. Virtual leadership
Walters manufactures a specialty food product that can currently be sold for $22 per unit and has 20,000 units on hand. Alternatively, it can be further processed at a cost of $12,000 and converted into 12,000 units of Deluxe and 6,000 units of Super. The selling price of Deluxe and Super are $30 and $20, respectively. The incremental income of processing further would be:
A. $44,000. B. $18,000. C. $40,000. D. $28,000. E. $12,000.
Patty is a poor college student struggling to work and keep up with her studies. Fred, her uncle, promises to pay Patty support of $200 per month for the next six months. Although Fred didn't ask her to, she quits her current job in order to devote full time to her studies for the next six months. Fred makes one payment and then stops with no explanation. If Patty sues, what is the likely result?
a. Fred would win, as he did not ask Patty to quit her job. b. Patty would win, as a contract was formed when Fred promised to pay her the support. c. Fred would win, as family members cannot sue each other for breach of an oral promise. d. Patty may win under the doctrine of promissory estoppel.