In cases involving businesses, where the public enters the business as a part of doing business, the law presumes the property:

a. is surrounded by guards at all times b. is safe for public admission
c. is owned by the person who runs the business
d. owner owes the public no particular duty of care e. none of these


b

Business

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Cotton Products Corporation is a public company whose shares are traded in the public securities markets. With respect to financial and other significant information concerning its securities, the Securities Act of 1933

a. imposes increased responsibility on chief corporate executives. b. prevents insiders from trading among themselves. c. requires disclosure. d. creates a "safe harbor" for companies to make forward-looking statements.

Business

In the Beech-Nut case, the executives at the time of the sales of adulterated apple juice:

a. Did not know that there was a problem with the apple juice. b. Took no steps to cover up the juice problem. c. Were charged with violations of criminal statutes. d. Cannot be held responsible unless they actually bought the adulterated product. e. None of the above

Business

Kartman Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5pounds$7.00per pound$45.50Direct labor 0.6hours$24.00per hour$14.40Variable overhead 0.6hours$4.00per hour$2.40?In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is

computed when the materials are purchased.?The materials price variance for June is: A. $7,620 U B. $7,620 F C. $6,825 F D. $6,825 U

Business

According to the text, good queue management consists of managing only what the customer perceives to be as the waiting time

a. True b. False Indicate whether the statement is true or false

Business