In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when preparing pro forma financial statements will tend to ________.
A) overstate costs and overstate profits
B) overstate costs and understate profits
C) understate costs and overstate profits
D) understate costs and understate profits
B) overstate costs and understate profits
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Resolving a dialectical tension by satisfying only one need and denying the other is called ______.
a. selection b. separation c. neutralization d. reframing
First Construction Company agrees to build a complete assembly line for Plastic Moulds Inc by April of that year
A term of the contract states: "If First Construction fails to complete the assembly line by April 1, it will pay Plastic Moulds the sum of $5,000 per day until completion. This sum is agreed by First Construction to be liquidated damages and not a penalty." Plastic Moulds knows that its real damage will likely be $500 per day, but it wants to give First Construction a little incentive to make the deadline. However, First Construction is late. Which of the following is true? A) The clause is enforceable because the parties have agreed that it is a liquidated damages clause. B) The clause is enforceable because Plastic Moulds is entitled to use it to provide incentive to First Construction. C) The clause is not enforceable because it is not a genuine pre-estimate of damages. D) The clause is enforceable because it is a genuine pre-estimate of damages. E) Both A and D
EDD stands for what?
A) earliest due date B) earliest design date C) earliest detrimental date D) earliest decision date E) economic date determination
Select the best definition of whistleblower:
a. the sole goal of modern ethics training b. originated from the Latin "qui tam pro domino rege quam pro sic ipso in hoc parte sequitur" meaning "who as well for the king as for himself sues in this matter." c. a narrow exception under the general rule of at-will employment d. people who report unethical or illegal activities under the control of their employers