Andrew Was Employed as a Computer Programmer with a Small

question 104

Multiple Choice

Andrew was employed as a computer programmer with a small technology company. He was recruited by a former colleague, Ben, to join the XYZ Company and was promised a higher salary. However, once Andrew started on Ben's team at XYZ Company, Ben denied making any such promise. What have Ben and XYZ violated through their behaviour?

• A) implied covenant rules
• B) common laws
• C) no laws; as long as there were no written guarantees, ABC cannot be held liable
• D) implied contract rules

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Definitions:

Lean Accounting

An accounting practice that supports lean enterprise philosophies, focusing on value streams and reducing waste in financial processes.

Indirect Labor

Any labor needed to make a product that is not directly traced to the product.

Product Cells

Small, autonomous manufacturing units within a facility focused on producing a specific family of products or components.

Predetermined Factory Overhead Rate

The rate used to apply factory overhead costs to the goods manufactured. The rate is determined by dividing the estimated total factory overhead costs by the estimated activity base at the beginning of the fiscal period.