Social affiliations to which a person feels he or she does not belong are known as ______.
A. outliers
B. out-groups
C. outties
D. in-groups
B. out-groups
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If a professor charges extra fees to take a regularly scheduled class, it would not qualify as consideration because such an act:
A. would violate the preexisting duty rule. B. is prohibited by promissory estoppel. C. is a tort. D. is new consideration that is provided to support a modification.
Liabilities that might arise from which of the following probably would be disclosed only in the notes to the financial statements?
A) Possible warranty claims B) Guarantees of the debt of other companies C) Possible bankruptcy of an important customer whose account is current D) Estimated income taxes for the current year
Describe each of the following as either a product or period cost. a. factory depreciation f. direct materials b. indirect labor g. indirect materials c. administrative salaries h. advertising d. direct labor i. factory insurance e. utilities used in the factory j. utilities used in the administrative offices
The benefits of integrated logistics management (ILM) include ______.
a. keeping logistics costs down b. contributing to employee morale c. contributing to employee motivation d. circumventing government regulations