Which of the following statements about the businessowners policy is (are) true?
I. It is designed to meet the insurance needs of large manufacturing firms.
II. It is a package policy designed to meet the basic property and liability needs of an insured in a single contract.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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) Under the first-in, first-out (FIFO) method, the current period equivalent units of production for transferred in units in beginning inventory are zero because ________.
A) these units are transferred back to the previous department for further processing in the current period B) these units are expected to be sold by the receiving department without subjecting them to further processing C) no additional costs for these units were incurred in the current period D) costs involved in inter-departmental transfers are accounted for only once when sales are made to customers
What is the advantage of an interview over a survey?
A) You have a lower total count for respondents B) It is easier to determine the mean average on responses C) Interviews provide more in-depth answers D) Interviews provide objective based information E) Interviews allow for responses from more subject matter experts
The idea that people obey orders because they believe those giving the orders act in accordance to a set of given rules and regulations is called_____________.
a. Irrational beliefs system b. Rational-Legal precepts c. Managerialism d. Functionalism
Please explain the significance of the Fair Labor Standards Act (FLSA) for compensation programs.
What will be an ideal response?