Grohs Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: The food and supplies in the flexible budget for December would be closest to:

A) $30,000
B) $30,348
C) $29,791
D) $30,510

The North American Free Trade Agreement

A) is an example of the unilateral approach to free trade.
B) eliminated tariffs on imports to North America from the rest of the world.
C) reduced trade restrictions among Canada, Mexico, and the United States.
D) eliminated quotas between North America and China.

Identify the methods of promoting change and what each focuses on.

A perfect competitor would

A) never charge above market price but might charge below market price.
B) never charge below market price but might charge above market price.
C) always charge market price.

Organizational change is more successful if the change agent prevents its diffusion from one part of the organization to other parts.

Mark complied with all formation requirements for incorporating his taxicab business. He is the sole shareholder in the corporation. The corporation owns two automobiles that Mark frequently uses for his own personal use. In addition, he sometimes deposits the money he takes in during the day into his personal checking account. One day, an employee of the company, while driving one of the company vehicles, accidentally hits a pedestrian in a crosswalk. The pedestrian sues both Mark and the taxi company for $100,000. The corporate assets are only $32,000. Is the corporation liable for the acts of its employee? Will Mark be personally liable under the facts? Explain.