In a bailment for the mutual benefit of the bailee and the bailor, the bailee need not exercise reasonable care in storing items or holding property.

Sunk costs refer to resources that were knowingly committed to a failing course of action.

Managers who have responsibility for work activities that make a direct contribution to production of the organisation's product or service are called:

A) staff managers.
B) middle managers.
C) general managers.
D) line managers.
E) administrators.

Private property

A) discourages cooperation because people don't want to part with what they own.
B) discourages innovation, as people are often afraid to risk losing their own property.
C) encourages owners to maintain or improve their property to preserve or enhance value.
D) does everything indicated by the other answers.