GronLan, Inc., a company with a majority of workers with high seniority, decides to hire 1,000 college graduates to meet the sudden productivity requirements generated by a growth in the market. Which of the following statements is most likely to be happen in this situation?
A. The salary range midpoint of the company will become less than the compa-ratio.
B. The average pay actually paid by the company will fall below its range midpoint.
C. The compa-ratio of the company will become greater than 1.
D. The number of employees being paid red circle rates will increase.
Answer: B
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A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements?
A) Net income will be understated. B) Expenses will be overstated. C) Assets will be overstated. D) Liabilities will be overstated.
The bid notice is: A)?The offer from the owner
B)?An invitation for offers. C)?A unilateral offer accepted by a bid. D)?The contractor's notification of intent to submit a bid. E)?None of the above
In Zhou v. Bickley, Zhou helped Bickley start a motorcycle repair shop. When they got into a dispute later, the courts held that:
a. Zhou and Bickley were partners, so each was owed the fair market value of his share in the organization b. Bickley was a partner but breached his duty to Zhou by not working, so could be fired from the partnership c. Bickley was not a partner, he was an employee subject to wrongful dismissal and could sue for damages for that d. Zhou and Bickley were not partners, Bickley owed Zhou for money received to start the business run byBickley e. none of the other choices
Under common law, employees who were injured on the job could not sue their employers for negligence.
Answer the following statement true (T) or false (F)