According to the Empirical Rule, the percentage of observations in a data set (providing that the data set has a bell-shaped and symmetric distribution) that should fall within two standard deviations of their mean is approximately:
A) 90%
B) 95%
C) 97.5%
D) 100%
B
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A nonbreaching party cannot rescind the contract in the event of a material breach
Indicate whether the statement is true or false
Of the three levels of interdependence, which element below is not included?
a. Progression interdependence b. Pooled interdependence c. Sequentional interdependence d. Reciprocal interdependence
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of depreciation that should be allocated to Grinding for the current period is:
A. $7,500. B. $40,000. C. $20,000. D. $25,000. E. $12,500.
Pharma Meds Corporation employs Ogilvie under an employment contract that sets out a specific amount of money to be paid for certain results over a stated period of time. During the term of the contract, it becomes clear that the results are not likely to be attained. Pharma then gives Ogilvie the option of accepting a lesser position with fewer duties for less money. Ogilvie accepts via e-mail, but soon files a suit against Pharma for breach of the original contract. The court is most likely to rule that Ogilvie's e-mail
A. showed only an agreement to agree. B. accepted the proposed modification of the employment contract. C. constituted a non-binding, non-contractual communication. D. contained an acceptance but is unenforceable because it is electronic.