If an Automobile Manufacturer Changes from Skilled Labor to Computer-Controlled

question 86

Multiple Choice

If an automobile manufacturer changes from skilled labor to computer-controlled assembly procedures, the past data

• A) are useful in predicting future costs.
• B) are of little or no value in predicting future costs.
• C) are representative of future costs.
• D) should be used without adjustments to predict future costs.

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Definitions:

Rescission

The revocation, cancellation, or repeal of a contract, returning the parties to the positions they occupied before the contract was made.

Damages

Monetary compensation awarded by a court to a plaintiff for losses or injuries suffered as a result of another’s actions.

Contract

A contract is a legally binding agreement between two or more parties that outlines obligations and benefits for the parties involved.

Remedy

Legal means or measures available to a party to enforce a right or redress a harm.