MaryJo, a job applicant at Sleep Corp., discovers that the job she is applying for requires her to be a union member before being hired. She also learns that this arrangement is illegal under the National Labor Relations Act. In the context of the security provisions related to union membership, this Sleep Corp. has a(n) ________ arrangement.
A. open shop
B. closed shop
C. checkoff provision
D. agency shop
E. union shop
Answer: B
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Phelps Company manufactures custom-designed filtering equipment for swimming pools and tanks. In May 2014, the company incurred the following costs of quality: Product design costs $ 8,600 Product recall costs 5,200 Product simulation costs 13,500 Product testing costs 3,500 Product warranty claims 2,000 Scrap and rework costs 3,000 Total quality costs of nonconformance for May were
A) $24,200. B) $13,700. C) $10,200. D) $8,200.
A person authorized to write checks drawn on a checking account at a bank must sign and have on file with the bank a
A) signature card B) deposit ticket C) checkbook D) bank card
All of the following regarding accounting for Treasury Stock are true except:
A. Treasury Stock does not have voting rights. B. Treasury Stock receives cash dividends but not stock dividends. C. Treasury Stock is presented on the balance sheet as a contra equity account. D. Corporations do not record gains or losses on transactions involving their own stock. E. Purchasing Treasury Stock reduces the corporation's assets and equity by equal amounts.
In Sub-Saharan Africa, mortality numbers for children younger than age 5 have declined from 12.4 million in 1990 to ______ million in 2009.
a. 8.1 million b. 5 million c. 2.6 million d. 1.1 million