Lloyd's of London:
A) is a large property-liability insurance company with head-quarters in London
B) sells stock
C) is a marketplace where separate syndicates accept exposures for their own accounts
D) sells insurance directly to the public
C
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Which of the following symbols are brackets?
a. {} b. ( ) c. [ ] d. < >
In the context of the performance evaluation process, which of the following ensures that raters are motivated to rate accurately?
A. Making sure that managers are graded on how well they utilize and develop human resources B. Ensuring that employees do not have to participate in developing performance dimensions C. Focusing on the person rather than the behavior while evaluating performance and providing feedback D. Conducting informal discussions with employees about progress on an irregular basis
Teresa Davis is the owner of a convenience shop. The firm had a net income of $4,500 for the year. What accounts are debited and credited to transfer the net income to the owner's capital account during the closing process?
What will be an ideal response?
The Becton Enterprises (BE) produces a gasoline additive, Charger Power. This product increases engine efficiency and improves gasoline mileage by creating a more complete burn in the combustion process. Careful controls are required during the production process to ensure that the proper mix of input chemicals is achieved and that evaporation is controlled. Loss of output and efficiency may result if the controls are not effective.The standard cost of producing a 500-liter batch of Charger Power is $135. The standard materials mix and related standard cost of each chemical used in a 500-liter batch are: 
The quantities of chemicals purchased and used
during the current production period are shown in the schedule below. A total of 140 batches of Charger Power were manufactured during the current production period. The controller of BE has determined its costs and chemical usage variations at the end of the production period. 
If BE recognizes all variances at the earliest possible moment, what is the total material price variance?
A. $1,270.
B. $160.
C. $890.
D. $540.