Which of the following is correct with respect to the definition of law?
A) Law defined in moral terms is a reflection of legal positivism. B) Law defined in terms of authority is a reflection of legal realism. C) Law defined in practical terms as to what the court will do is a reflection of legal positivism. D) Law defined in terms of morality is a reflection of natural law theory. E) Law defined in terms of authority is a reflection of natural law theory.
The prices of raw materials increase in a purely competitive industry. This change will result in a(n)
A) decrease (downward shift) in the average total cost curve for firms in the industry. B) decrease (downward shift) in the marginal revenue curve for firms in the industry. C) increase (upward shift) in the marginal cost curve for firms in the industry. D) increase (rightward shift) in the short-run supply curve for firms in the industry.
The income statement for Jones Company showed cost of goods sold of $80000 and operating expenses of $65000. The comparative balance sheets for the year show that inventory decreased $5000 prepaid expenses increased $7000 accounts payable increased $3000 and accrued expenses payable decreased $5000. Instructions Compute (a) cash payments to suppliers and (b) cash payments for operating expenses using the direct method.
Which of the following is TRUE about the job description approval process?
A) Supervisors are asked to approve job descriptions B) Job descriptions should be reviewed by selected jobholders C) Having jobholders and supervisors approve job descriptions serves as a test of the job description D) Supervisory approval serves as a check on the collection of job analysis information E) All of the choices