Explain the concept of the price ceiling
What will be an ideal response?
Price ceiling represents the price above which there is no demand.
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The distribution of cash, as the final process in winding up the affairs of a partnership, is based on the income-sharing ratio
a. True b. False Indicate whether the statement is true or false
When material is ordered from a vendor, which of the following is not a reason for delays in the order arriving on time?
A. A lost order B. Normal variation in shipping time C. An unexpected strike at the vendor's plant D. A shortage of material at the vendor's plant causing backlogs E. Redundant ordering systems
In process layouts, the process facilities are shared by a wide variety of different products. Consequently, the relative positioning of the various departments is ______.
A. a compromise B. usually a perfect solution C. an expensive solution D. a quick solution
Under the Occupational Safety and Health Act (OSHA), employers must do all of the following EXCEPT
A. fire employees who have been injured or have become ill due to work-related factors. B. keep records of all work-related accidents and injuries. C. inform employees of Occupational Safety and Health Act (OSHA) requirements. D. refrain from disciplining employees who have filed safety complaints with the Occupational Safety and Health Administration (OSHA).