What are the goals of tort law?
What will be an ideal response?
The primary goal of tort law is to compensate innocent persons who are injured or whose property is injured as a result of another's conduct, but tort law also fulfills other important societal goals. It discourages private retaliation by injured persons and their friends. It promotes citizens' sense of a just society by forcing responsible parties to pay for the injuries they have caused. Finally, it deters future wrongs because potential wrongdoers are aware that they will have to pay for the consequences of their harmful acts.
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Discretionary costs are often difficult to control because
a. it is difficult to measure the cost. b. they cannot be changed in the short run. c. they cannot be changed from period to period. d. it is difficult to measure the benefits of discretionary activities.
Woodhead Inc. manufactures one product. It does not maintain any beginning or ending inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. Its standard cost per unit produced is $37.45. During the year, the company produced and sold 24,400 units at a price of $47.40 per unit and its selling and administrative expenses totaled $92,000. The company does not have any variable manufacturing overhead costs. It recorded the following variances during the year:Materials price variance$8,760FMaterials quantity variance$550ULabor rate variance$27,885ULabor efficiency variance$17,200FFixed manufacturing overhead budget variance$17,400FFixed manufacturing overhead volume
variance$18,900FThe net operating income for the year is closest to: A. $151,026 B. $259,859 C. $184,605 D. $150,780
Explain how SunPower used benchmarking to improve its competitive position in the U.S. solar power industry.
What will be an ideal response?
The only way to perfect a security interest is to file a financing statement
Indicate whether the statement is true or false