Power in use is known as ______.
A. influence
B. compassion
C. coercion
D. power
A. influence
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Who among the following is NOT covered by the National Labor Relations Act (NLRA)?
A. an individual refraining from activity on behalf of the union B. an individual employed in the service sector C. an individual joining a union that is not recognized by his or her employer D. an individual employed as a supervisor E. an individual employed by a private-sector firm with less than 15 full-time employees
Which of the following is true of LLC taxation?
A. An LLC is taxed as a corporation in all general cases. B. Income or losses of an LLC do not flow through to the members' individual income tax returns. C. Members of an LLC are subject to double taxation. D. An LLC is not taxed at the entity level.
Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own checking account to deposit the client payments and to make distributions of the corporation's profits to her three friends, who together owned 50% of the shares, with Grace owning the remainder of the shares. Grace promised her friends "no meetings, no formalities, we'll
just run the catering business." Several wedding guests at a reception Grace's company catered became ill. Grace had not purchased insurance. The guests brought suit to recover their medical bills and other damages from Grace and her three friends. Grace says she has no personal liability for the bad food that resulted in their illness. A) Grace is correct; their suit should be against the corporation. B) Grace is incorrect because of the veil and alter ego theory. C) Grace is liable, but her friends are not. D) None of the above
Becka Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.?InputsStandard Quantity or Hours per Unit of OutputStandard Price or Rate?Direct materials6.7 grams$8.80 per gram?Direct labor0.30 hours$18.20 per hour?Variable manufacturing overhead0.30 hours$3.50 per hourThe company produced 2,300 units of this product in November.Required:a. What is the total standard cost of one unit of this product?b. What was the standard grams allowed for the actual output of this product in November?c. What was the standard hours allowed for the actual output of this product in November?
What will be an ideal response?