What is an economic community? Describe major international economic communities.
What will be an ideal response?
An economic community is an organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies. Student answers will vary but the EU (the European Union) and NAFTA (North American Free Trade Agreement) are both significant and important economic communities. The EU was formed in 1957 and had 27 member nations. NAFTA is a partnership among the United States, Mexico, and Canada.
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The budget is an important source of feedback for an organization
Indicate whether the statement is true or false
1Which of the following manufacturing industries would be most likely to employ a job order cost system of cost accounting?
a. Latex Paint b. Cement c. Pharmaceutical d. Aircraft
Select the true statement regarding various decision styles.
A. A laissez-faire style results in employees' higher performances. B. A democratic style results in employees' positive attitudes. C. A democratic style is the fastest way to make decisions. D. An autocratic style results in employees' lower performances. E. A laissez-faire style results in employees' positive attitudes.
Judge Henry Friendly identified eleven attributes of a fair hearing. Which one of the following isnot among those discussed by Judge Friendly?
a. an unbiased tribunal b. right to a jury trial c. right to call witnesses d. statement of reasons for the decision