The following are actions that the FDA can take in regulating cosmetics except:
A) Removing from commerce cosmetics that contain unsubstantiated claims of growing hair.
B) Prohibiting the distribution of misbranded cosmetics.
C) Ordering sellers of ineffective products to provide purchasers with effective substitute.
D) Requiring proper labeling.
C
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Italy recently introduced the Reguzzoni-Versace Law which is intended to regulate trade in textiles, leather, and footwear. All of the following statements pertaining to the law are correct except:
A) at least four stages of production should occur in Italy for the product to be labeled as "Made in Italy." B) the countries in which the remaining production stages took place must be identified. C) Brussels objected on grounds that the law conflicts with restrictions provided by the European Union. D) EU regulators view the law as "protectionist." E) the law is more stringent than the existing laws where only one production stage has to occur in the country of origin.
Welch Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur?
a. 1,150,000 b. 1,190,000 c. 1,200,000 d. 1,210,000
Gross Company purchased $50,000 worth of office supplies on January 1 . Gross expects to use 60 percent of the supplies in the first year and the remainder in the second year. After adjusting entries (and before closing entries), how much should Gross show in its Supplies Expense account?
a. $50,000 b. $30,000 c. $25,000 d. $20,000 e. $0
Which of the following HR implications can be associated with Generation Y employees?
a. HR managers will need to tend to succession planning to cope with the impending retirements of Generation Y b. HR managers will need to develop strategies and policies that attract and maintain Generation Y employees c. HR managers must ensure policies and practices live up to the expectations of the overly cynical Generation Y d. All of the above