States are allowed to enact minimum wage laws that set minimum wages higher than the federal level

Indicate whether the statement is true or false


TRUE

Business

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When a person conducts an internal search for product information and already has sufficient information, the next step of the purchase decision process will be to:

A) search for additional information B) make the purchase decision C) evaluate the alternatives D) identify the need or problem the choice will meet

Business

Under the periodic inventory system, Village Fabrics purchased 25 yards of blue plaid fabric at a cost of $2.00 per yard on June 1; on June 3, 22 yards were sold of the blue plaid; a new shipment came in with 25 more yards at a cost of $1.25 per yard on June 5; on June 15, 17 yards of the blue plaid fabric were sold; Village Fabrics purchased another 25-yard bolt at a cost of $1.00 per yard on

June 19; on June 27, 6 more yards had been sold. What is the value of inventory as of June 30 under the LIFO method? a. $31.25 b. $50.00 c. $60.00 d. $56.25

Business

Critics of mediation argue that it creates an impression of equality even when none exists

Indicate whether the statement is true or false

Business

Which of the following is a difference between an employer-employee and an employer-independent contractor relationship?

A) An employer pays unemployment insurance taxes and medical benefits for employees but not for independent contractors. B) An employer controls an independent contractor's physical conduct and details of work performance but not an employee's physical conduct and work performance. C) An employer can be held liable for torts committed by an independent contractor but not for the torts committed by an employee. D) An employer supplies the tools and equipment required by independent contractors, whereas employees are expected to bring their own tools and equipment.

Business