Which of the following is a true statement about the role of contracts in different cultures?

A) Written contracts are viewed as a starting point in low-context cultures.
B) In China a contract is viewed as a final and binding agreement.
C) Contracts tend to be viewed as binding agreements in high-context cultures.
D) In low-context cultures, written contracts continue to emerge and are modified as the parties work together.
E) Cultures vary in their use of contracts and agreements.

When the fixed manufacturing overhead cost is recorded, which of the following entries will be made?

A) ($41,440) in the FOH Budget Variance column
B) ($41,440) in the FOH Volume Variance column
C) $41,440 in the FOH Volume Variance column
D) $41,440 in the FOH Budget Variance column

A(n) ________ allows for an agent to conduct all business for the principal.

A) special power of attorney
B) general power of attorney
C) encompassing power of attorney
D) detailed power of attorney
E) employment power of attorney