Which of the Following Would Be the Result in a Majority

question 42

Multiple Choice

Which of the following would be the result in a majority of states in regard to Penny's obligation to the dive shop?

• A) That because the debt was unliquidated and the dive shop cashed the check, an accord and satisfaction occurred, and Penny owes nothing.
• B) That because the debt was liquidated, no accord and satisfaction occurred, and Penny owes the full $2,000.
• C) That in order to satisfy equitable principles, the parties would split the remaining debt with Penny owing $1,000.
• D) That under the UCC, Penny would be required to pay the full amount, but the dive shop would be estopped from charging any interest.
• E) That because the dive shop offered, through issuance of the check, full repayment, no accord and satisfaction existed; Penny owes the full $2,000.

Analyze the consequences of cultural biases and ethnocentrism on workplace communication.

Grasp the concept and application of 360-degree feedback in organizations.

Understand the elements and importance of constructive feedback.

Identify perceptual distortions including stereotyping, projection, halo effect, and selective perception.

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Definitions:

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage rate, multiplied by the total hours worked.

Variable Overhead Rate Variance

Variable overhead rate variance is the difference between the actual variable overhead costs incurred and the expected (standard) costs, influenced by fluctuations in production activity levels.

Materials Price Variance

The difference between the actual cost of materials and the standard (or expected) cost, indicating how much more or less was spent on materials than was planned.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.