Most, sometimes all, aspects of the contract that exists between an employer and an employee is unwritten, sometimes never even explicitly discussed. Employees work hard for an employer and engage in certain actions or behaviors because they perceive that they will be rewarded (or punished), rather than because of any written rule or expectation. This unwritten contract is known as the:
A. Perceptual contract
B. Explicit contract
C. Social contract
D. Psychological contract
D. Psychological contract
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An accountant who violates the federal securities acts may be subjected to an administrative hearing before the Federal Trade Commission (FTC).
Answer the following statement true (T) or false (F)
Mentor Corp. has provided the following information for the current year:Units produced 3,500unitsSale price$200per unitDirect materials$70per unitDirect labor$55per unitVariable manufacturing overhead$20per unitFixed manufacturing overhead$350,000per yearVariable selling and administrative costs$30per unitFixed selling and administrative costs$150,000per yearCalculate the unit product cost using absorption costing.
A. $145 B. $125 C. $55 D. $275 E. $245
Extending payment terms from suppliers is an example of generating funds internally.
Answer the following statement true (T) or false (F)
U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad
a. True b. False Indicate whether the statement is true or false