During the ________ stage of alternative dispute resolution, a panel composed of representatives from the organization that are at the same level as those people in the dispute hears the case and attempts to help the parties arrive at a settlement.

A. open-door policy
B. mediation
C. peer review
D. legal support
E. arbitration


Answer: C

Business

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Consider the following production function?  Y = A×Ka×L1?a. ? If a = 0.4, and over the past year output grew 4 percent, capital grew 2 percent, and labor grew 1 percent, what was the growth rate of total factor productivity (TFP)?

A. 1.0 percent B. 2.0 percent C. 2.4 percent D. 2.6 percent

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Most capital budgeting techniques focus on cash flows

Indicate whether the statement is true or false

Business

Sprinter Airlines (Sprinter) needs additional aircraft to expand internationally, and it could borrow the needed funds and purchase the aircraft. This arrangement places additional debt on the balance sheet. Instead, Sprinter signs an lease agreement in which it agrees to pay the owner of the aircraft certain amounts each year for 12 years. The aircraft has an estimated service life of 18 years

Sprinter paints its name on the aircraft, uses the aircraft in operations, and makes the required lease payments. Which of the following is not true? a. Sprinter receives benefits when it uses the aircraft, not when it initially signs the lease. b. Sprinter has future benefits, not past or current benefits. c. Sprinter obtains financing for its flight equipment without showing a liability on the balance sheet. d. Sprinter has entered into an operating lease that is an executory contract. e. Sprinter has entered into an financing lease that is recorded as an asset purchase and financing transaction.

Business

Which of the following is one of the characteristics of services?

A. separability B. tangibility C. variability D. reparability E. durability

Business