Kendra owns a sporting goods store. She is in court because of a breach of contract lawsuit against her supplier. One of the terms of the contract is ambiguous. Would the court likely permit Kendra to testify as to oral conversations about the ambiguous terms of the contract?

A) Yes, but only to clarify the ambiguous contract terms.
B) No, because there is a written contract.
C) No, but she could provide additional writings.
D) No, because it would modify the contract.
E) Yes, where ambiguous terms exist, she may provide oral evidence that modifies the contract.

Using the expectancy theory perspective, a manager can maximise __________ in a positive direction by identifying individual needs and adjusting rewards to match these needs.

A) instrumentalities
B) expectancies
C) equities
D) attributions
E) valences

​Lazy Lucy's parents decided that they would only pay her tuition if she passes all her classes.They would stop paying her tuition if she procrastinates and fails her courses.Lucy's parent's decision is a solution to a ________problem.

A) ​Adverse selection
B) Moral hazard
C) Forced bankruptcy
D) ​None of the above

A protective tariff will

A) increase the sales of foreign exporters.
B) increase the price and sales of domestic producers.
C) increase the welfare of domestic consumers.
D) create an efficiency gain in the domestic economy.

Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each radio is 0.9 hours. The standard direct labor cost per hour is $7.20. During the month of August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708. This resulted in production of 6,900 water ski radios for August. What is Zanny's labor rate variance for August?

A) $972 Favorable
B) $1,188 Unfavorable
C) $2,160 Favorable
D) $2,808 Unfavorable