Tiana wanted to vacation in Los Carneros and asked Cameron, her neighbor, to look after Amber, her Labrador Retriever. Cameron did not ask for a payment to take care of Amber. Before leaving, Tiana instructed Cameron on how to care for Amber, but Cameron failed to follow these instructions or take care to restrain Amber. While Tiana was in Los Carneros, Amber ran onto the street and got hit by a car. Which of the following statements is true of this situation?
A. A bailment for the sole benefit of Tiana was created, which implies that Cameron is responsible for gross negligence.
B. A bailment does not exist because Cameron was not paid to look after Amber.
C. A bailment was created, but Cameron had no obligation to care for Amber, since both Tiana and Cameron benefitted from the bailment.
D. A bailment for the sole benefit of Cameron was created, which holds Tiana responsible.
Answer: A
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Answer the following statements true (T) or false (F)
1. Focal objects are not always physical things. For example, they can also be behaviors of people. 2. The three factors that influence perceptions mentioned in the textbook are the comprehender, the environment, and the focal object. 3. Our attempts to organize and sift huge amounts of everyday complex information can lead to inaccuracies and cloud our perceptions of different people, situations, and events. 4. Projecting occurs when a person bases behavior on preexisting expectations about another person or situation in order to create an outcome aligned with those expectations. 5. Internal and external attributions are the two causes people look for to explain behavior of others. This is called attribution theory.
Which of the following is not an allowable penalty for NLRB violations?
A. Backpay. B. Reinstatement. C. Injunctions. D. Punitive damages and fines.
The IRU Company manufactures traditional wooden pencils. They have determined their variable cost/unit to be $0.012/pencil. Fixed costs, however, are quite high because of old processing equipment and costly packaging
The fixed costs are estimated at $140,000/month. IRU sells their pencils at a price of $13.248/gross. (There are 144 pencils in a gross.) How many grosses of pencils must be sold annually to break even?
Which of the following statements is not true?
A. An unadjusted trial balance shows the account balances after they have been revised to reflect the effects of end-of-period adjustments. B. The fiscal year is any 12 consecutive months (or 52 weeks) used by a business as its annual accounting period. C. Property, plant, and equipment are referred to as plant assets. D. An income statement reports revenues earned less expenses incurred. E. Interim financial reports can be based on one-month or three-month accounting periods.