The principle of liability stating that an employer is liable for a physical tort committed by an employee acting within the scope of employment and a nonphysical tort of an employee acting with authority is called
A)the equal dignities rule
B)respondeat superior.
C)fiduciary control.
D)apparent authority.
B
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In the Theory of Constraints, the rate at which an organization generates money through sales is referred to as inventory
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.International trade leads to increased welfare if a nation can achieve a post-trade consumption point lying inside of its production-possibilities frontier. 2.If the U.S. post-trade consumption point lies along its production possibilities frontier, the United States achieves a higher level of welfare with trade than without trade. 3.If productivity in the German computer industry grows faster than it does in the Japanese computer industry, the opportunity cost of each computer produced in Japan increases relative to the opportunity cost of a computer produced in Germany. 4.With constant opportunity costs, a nation will achieve the greatest possible gains from trade if it partially specializes in the production of the commodity of its comparative disadvantage. 5.By reducing the overall volume of trade, import restrictions tend to reduce a nation's gains from trade.
During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. Units transferred out from Department A during April were A) 390,000. B) 400,000. C) 410,000. D) 490,000.
Estray statutes provide that finders of lost property will always eventually acquire title to it
Indicate whether the statement is true or false